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QUESTION
Homework #4E (zero-coupon bond)
Homework #4E (zero-coupon bond)
Finance
Question 4 (1 point)
23 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 8.76 percent, compounded annually. What is the current price of the bond?
Round the answer to two decimal places.
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