Question
Sandhill Corp., a U.S. company, has a five-year bond whose yield to maturity is 7.9 percent (assume semiannual compounding). The bond has no coupon payments.
Sandhill Corp., a U.S. company, has a five-year bond whose yield to maturity is 7.9 percent (assume semiannual compounding). The bond has no coupon payments. What is the price of this zero coupon bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
| Price of zero coupon bond | $__________- |
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Unlock Financial Success With Self Storage Wealth Strategies
Authors: Ethan D. Costa
1st Edition
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