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QUESTION
FINAL Q13
Question 13
Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 27 years and a yield to maturity of 9.16 percent, compounded annually. What is the current price of the bond?
Round answer to two decimal places
Answer
Submitted by Accountingexp... on Sun, 2017-03-05 12:20
teacher rated 171 times
4.842105
price: $3.00
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