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Highland Corp. , a U. S. company, has a 5 year bond whose yield to maturity is 6 percent The bond has no coupon payments

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Highland Corp. , a U. S. company, has a 5 year bond whose yield to maturity is 6 percent The bond has no coupon payments but assume semi annual compounding. What is the price of this zero coupon bond? Round the answer to 2 decimal places. Calculate the price of a five-year bond that has a coupon of 6.5 percent paid annually. The current market rate is 7.8 percent. Round to 2 decimal places

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