25 years ago mini max inc issued 30 year to maturity, Finance Basics

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25 years ago mini max inc issued 30 year to maturity

Question: 25 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 7.22 percent, compounded semi annually. What is the current price of the bond? Round the answer to two decimal places

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Finance Basics: 25 years ago mini max inc issued 30 year to maturity

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