Question
Marco Chip INC just issued a zero coupon bonds with a par value of $1000. The bond has a maturity of 23 years and a
Marco Chip INC just issued a zero coupon bonds with a par value of $1000. The bond has a maturity of 23 years and a yield to maturity of 6.54% compounded semi annually. What is the current price of the bond? Round the final anser to two decimal places.
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
