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Wiss Company is about to issue a zero-coupon bond. The projected yield for the bond is 4%. If the par value of the bond is
Wiss Company is about to issue a zero-coupon bond. The projected yield for the bond is 4%. If the par value of the bond is $1,000, what is the price of the bond using a semiannual convention if the maturity. is 20 years? The price of the bond using a semiannual convention is $ $(Do not use $ sign. Use commas to separate thousands. Use two deciamls. Round to the nearest cent. For example, if the price you obtained is $1,210.489 then enter 1,210.49)
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