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What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.43%? The bond has 3

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What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.43%? The bond has 3 years to maturity. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND YOUR ANSWER TO 2 DECIMALS i.e. if your answer is 1.2455, enter it as 1.25.

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The value of a zerocoupon bond can be found using the present value formula Price Present ... blur-text-image

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