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

Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 18 years and a yield to maturity of 9.23 percent, compounded semi-annually. What is the current price of the bond?

Round the answer to two decimal places.

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

Reference No:- TGS02180547

Now Priced at $10 (50% Discount)

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

Reference No:- TGS02180547

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