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What is the value of zero - coupon bond with a par value of $ 1 , 0 0 0 and a yield to maturity

What is the value of zero

-

coupon bond with a par value of $

1, 000

and a yield to maturity of

5.08 % ?

The bond has

12

years to maturity. SET YOUR CALCULATOR TO

4

DECIMAL PLACES THEN ROUND YOUR ANSWER TO

2

DECIMALS i

.

.

if your answer is

1.2455,

enter it as

1.25 .

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