Question
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 13 years and a yield to
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 13 years and a yield to maturity of 11.34 percent, compounded semi-annually. What is the current price of the bond?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
