Maturity zero-coupon bonds with a par value

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5 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 13.21 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places

Reference no: EM131444565

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Maturity zero-coupon bonds with a par value : 5 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 13.21 percent, compounded semi-annually. What is the current price of the bond?

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