A zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated interest rates are 4% annually (with quarterly compounding) how much would you pay today for a zero-coupon bond with a face value of $2,700 that matures in 6 years?

Round your answer to the nearest cent

Answer rating: 100% (QA)

Discount rate 4 4 1 p... View the full answer