A zero coupon bond was issued by bacchus corporation


A zero coupon bond was issued by Bacchus Corporation exactly 5 years ago for $300. The bond has a face value of $1000 and had a maturity of 10 years when it was issued. If the current yield to maturity of the bond is 1 percentage point (1%) higher than the yield to maturity when it was issued, what is the current price of the bond?

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Financial Management: A zero coupon bond was issued by bacchus corporation
Reference No:- TGS02747621

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