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QUESTION
Homework #4E (zero-coupon bond
Homework #4E (zero-coupon bond
Finance
Question 3 (1 point)
20 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 7.21 percent, compounded semi-annually. What is the current price of the bond?
Round the answer to two decimal places.
