(Answered) What is the current price of the bond

Accounting

Problem: 7 years ago Blue lake Corp. issued 30 years to maturity zero coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 5.19 percent compounded annually.

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Question: What is the current price of the bond? Provide justifications and citations for your responses.

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Financial Accounting, Accounting

Category:- Financial Accounting
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