Solved: 20 years ago mini max inc issued 30 year to maturity, Finance Basics

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20 years ago mini max inc issued 30 year to maturity

Finance: Zero-coupon bond

Question

20 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 7.21 percent, compounded semi-annually. What is the current price of the bond?

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Finance Basics: 20 years ago mini max inc issued 30 year to maturity

Reference No:- TGS02177848

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Finance Basics: 20 years ago mini max inc issued 30 year to maturity

Reference No:- TGS02177848

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