5 years ago mini max inc issued 30 year to maturity, Financial Management

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5 years ago mini max inc issued 30 year to maturity

5 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 13.21 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places

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Financial Management: 5 years ago mini max inc issued 30 year to maturity

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