Fill This Form To Receive Instant Help
Homework answers / question archive / Marco Chip, Inc just issued zero-coupon bonds with a par value of $1,000
Marco Chip, Inc just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 8 years and a yield to maturity of 7.47 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.
Already member? Sign In