Black water corp just issued zero-coupon bonds with a par, Ask an Expert

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Black Water Corp. 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 11.26 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.:- M92406097

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