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You are considering investing in a 10-year zero coupon bond that compounds interest semiannually. If the current market rate is 5.60 percent, what is
You are considering investing in a 10-year zero coupon bond that compounds interest semiannually. If the current market rate is 5.60 percent, what is the maximum price you should have to pay for this bond? Assume face value is $1,000. (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 52.75.) Maximum price to be paid $
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