Black water corp just issued zero-coupon bonds with a par, Financial Management

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Black water corp just issued zero-coupon bonds with a par

Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 21 years and a yield to maturity of 7.56 percent, compounded annually. What is the current price of the bond?

Round the answer to two decimal places.

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Financial Management: Black water corp just issued zero-coupon bonds with a par

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