25 years ago mini max inc issued 30 year to maturity, Ask an Expert

Finance

25 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 7.22 percent, compounded semi 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.:- M92298927

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