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Pure Discount Bonds: Example Find the value of a 15-year zero-coupon bond with a $1,000 par value and a YTM of 12%. $0 $0

Pure Discount Bonds: Example Find the value of a 15-year zero-coupon bond with a $1,000 par value and a YTM of 12%. $0 $0 $0 $1,000 0 1 2 29 30 F PV = $1,000 (1+r) (1.06) 30 == = $174.11

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