Question
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 29 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 29 years and a yield to maturity of 13.41 percent, compounded annually. What is the current price of the bond?
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
