12 years ago marco chip inc issued 30-year to maturity


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. What is the current price of the bond? Round the answer to two decimal places

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Business Management: 12 years ago marco chip inc issued 30-year to maturity
Reference No:- TGS0973998

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