Pretend a company issues a zero-coupon bond that pays 3000


Pretend a company issues a zero-coupon bond that pays $3,000 in a year's time.  The company issues a low-risk bond that competes with saving accounts offered by banks.  Assume banks offer the interest rate of 4%.  Price of this bond is equal to...?

 

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Macroeconomics: Pretend a company issues a zero-coupon bond that pays 3000
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