Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Homework #4E (zero-coupon bond)
Homework #4E (zero-coupon bond)
Finance
Question 1 (1 point)
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 12 years and a yield to maturity of 10.33 percent, compounded semi-annually. What is the current price of the bond?
Round the answer to two decimal places.
