Mr. Y has a par 1000 zero coupon bond at annual effective rate 3% issued on January 1, 2011, maturing on Jan 1, 2029. Mr. Y sells the bond on Jan 1, 2023 at a discount to earn the purchaser 5%. How much does Mr. Y receive for the bond? (for ACSC 8020 only, calculator question) We have a 1000 par Annual 5% coupon bond of 12 years, redeemable at 1100. It sells for 1040. Find yield. The following equality is incorrect. Derive a very similar equality that is correct. 1+ a17 a17 85 - a5\