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Find what is the current price of the bond

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Reference no: EM132749820

Problem 1: 22 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 6.60 percent, compounded annually. What is the current price of the bond?

Reference no: EM132749820

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