What is the value of zero-coupon bond with a par value of, Ask an Expert

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What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 6.40%? The bond has 8 years to maturity. The answer is $608.79 but i dont know how to get that answer. I have a HP 10bll + Financial Calculator but i dont know how to put this into the calculator.

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Financial Management, Finance

Category:- Financial Management
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