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Find the price of a zero-coupon bond with face value of $5,000, 5 years left to maturity, and yield-to-maturity of 3% assume quarterly compounding. Answer
Find the price of a zero-coupon bond with face value of $5,000, 5 years left to maturity, and yield-to-maturity of 3% assume quarterly compounding.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
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