Now the bond has a yield to maturity of 1483 percent, Financial Management

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Now the bond has a yield to maturity of 1483 percent

28 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 14.83 percent, compounded semi-annually. What is the current price of the bond?

Round the answer to two decimal places.

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Financial Management: Now the bond has a yield to maturity of 1483 percent

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