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Marko needs to raise capital through a zero-coupon bond debt offering. If the bonds will have 12 years to maturity and the rate of return
Marko needs to raise capital through a zero-coupon bond debt offering. If the bonds will have 12 years to maturity and the rate of return on a bond in Marko's risk class is 11 percent, what will be the selling price of the bond?
When i type this into a calculator
I get -986.89
I used n=12 , i= .11 and cpt for pv but it comes out as a wonky number
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