Saturday, 28 September 2019
To fund a project, a company will issue 7-year zero coupon bonds with a face value of $1,000
To fund a project, a company will issue 7-year zero coupon bonds with a face value of $1,000. Assuming annual coupons to be the norm, what will be the price of these bonds if the appropriate yield is 13.2 percent p.a.? (Round to the nearest dollar; do not use $ sign or commas)
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