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

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

Question: Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 20 years and a yield to maturity of 7.84 percent, compounded annually. What Is the current price of the bond? Round the answer to two decimal places.

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

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

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