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Problem 6 - 1 5 Zero Coupon Bonds [ L O 2 ] You find a zero coupon bond with a par value of $

Problem 6-15 Zero Coupon Bonds [LO2]
You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. If the
yield to maturity on this bond is 4.7 percent, what is the price of the bond? Assume
semiannual compounding periods. (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
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