Assume that HOS could issue a zero coupon bond at an annual interest rate of 4 percent

Question:

Assume that HOS could issue a zero bond at an annual interest rate of 4 percent with semiannual for 20 years. If HOS receives $ 2,264.45 for the bond, how much would it have to pay at the date?
A. Solve using a spreadsheet program such as Excel.
B. Solve using a financial calculator.

Compounding
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