Problem12 years ago marco chip inc issued 30-year to, Ask an Expert

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Problem:

12 years ago Marco Chip Inc. issued 30-year to maturity zero-coupon bonds with a par value of $1,000. The bond has yield to maturity of 9.3%, compounded semi-annually.

Required:

Question 1: What is the current price of the bond? Please describe in detail and provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146059

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