Question
X Copr just issued zero-coupon bonds with a par value of $1,000.00 The bond has a maturity of 25 years and a yield to maturity
X Copr just issued zero-coupon bonds with a par value of $1,000.00 The bond has a maturity of 25 years and a yield to maturity of 8.29 percent, compounded semi-annually. What is the current price of the bond? Please show all work.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
