Compute what is the current price of the bond

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Finance: zero-coupon bond

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Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 20 years and a yield to maturity of 13.76 percent, compounded annually. What is the current price of the bond?

Reference no: EM131380310

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Compute what is the current price of the bond : Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 20 years and a yield to maturity of 13.76 percent, compounded annually. What is the current price of the bond?
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