Marco chip inc just issued zero-coupon bonds with a par


Finance: zero-coupon bond

Question

Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 12 years and a yield to maturity of 10.33 percent, compounded semi-annually. What is the current price of the bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Marco chip inc just issued zero-coupon bonds with a par
Reference No:- TGS02175607

Now Priced at $5 (50% Discount)

Recommended (95%)

Rated (4.7/5)