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Question 1 (1 point) Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 5
Question 1 (1 point) Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 5 years and a yield to maturity of 12.50 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
