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Price a zero-coupon bond with yield-to-maturity of 18.22% and face value of $2,000. The bond has 16 years left to maturity, and interest is compounded
Price a zero-coupon bond with yield-to-maturity of 18.22% and face value of $2,000. The bond has 16 years left to maturity, and interest is compounded quarterly.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
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