Question
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 30 years and a yield to
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 30 years and a yield to maturity of 7.16 percent, compounded annually. What is the current price of the bond?
Round the answer to two decimal places.
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
