16 years ago blue lake corp issued 30 year to maturity, Ask an Expert

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16 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 11.04 percent, compounded annually.

What is the current price of the bond?

Round the answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92751927

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