Question
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 10 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 10 years and a yield to maturity of 10.06 percent, compounded semi-annually. What is the current price of the bond?
Round the answer to two decimal places.
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
