Question
Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a
Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 6.03 percent and mature in 30 years. If we assume semiannual compounding, at what price will the bonds sell?
Multiple Choice
- $162.65
- $168.26
- $172.64
- $164.05
- $161.53
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Mathematical Interest Theory
Authors: Leslie Jane, James Daniel, Federer Vaaler
3rd Edition
147046568X, 978-1470465681
