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Calculate what is the current price of the bond

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Reference no: EM131381194

Finance: Zero-coupon bond

Question

20 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 7.21 percent, compounded semi-annually. What is the current price of the bond?

Reference no: EM131381194

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