Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Financial accounting

A zero-coupon bond has a par value of $20,000 and will
mature in 15 years. If the yield to maturity is 5.2% with
semi-annual compounding, what is the price of the bond?
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Transcribed Image Text:A zero-coupon bond has a par value of $20,000 and will mature in 15 years. If the yield to maturity is 5.2% with semi-annual compounding, what is the price of the bond?
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