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QUESTION
Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 28 years and a yield to maturity of 14.
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Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 28 years and a yield to maturity of 14.71 percent, compounded semi-annually. How would the current price of the bond be found? Please assist.
