You find a zero coupon bond with a par value of $10,000 and 25 years to maturity.
Fantastic news! We've Found the answer you've been seeking!
Question:
| You find a zero coupon bond with a par value of $10,000 and 25 years to maturity. The yield to maturity on this bond is 4.7 percent. Assume semiannual compounding periods. |
| What is the price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
\f Expert Answer:
Posted Date:
