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NO EXCEL OR FINANCIAL CALCULATORS Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 25

image text in transcribedNO EXCEL OR FINANCIAL CALCULATORS

Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 25 years and a yield to maturity of 8.29 percent, compounded semi- annually. What is the current price of the bond? Round the answer to two decimal places. All the work has to be shown

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