John Wood, Inc. has recently issued zero-coupon bonds at a par value of $1,000. The aforementioned bond
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Question:
John Wood, Inc. has recently issued zero-coupon bonds at a par value of $1,000. The aforementioned bond possesses an 8-year term to maturity, alongside a semi-annual compounded yield to maturity of 12.02 percent. May I inquire about the prevailing market value of the bond?
Please approximate the answer to two decimal places.
Perform calculations utilizing Excel or a financial calculator.
Related Book For
Fundamentals Of Investing
ISBN: 9781292153988
13th Global Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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