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You find a zero coupon bond with a par value of $10,000 and 30 years to maturity. The yield to maturity on this bond is
You find a zero coupon bond with a par value of $10,000 and 30 years to maturity. The yield to maturity on this bond is 5.2 percent. Assume semiannual compounding periods. What is the price of the bond?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Please help, I got 2,185.38 but its wrong? Can anyone tell me why?
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