John Wood, Inc. has recently issued zero-coupon bonds at a par value of $1,000. The aforementioned bond possesses an 8-year term to maturity, alongside a semi-annual compounded yield to maturity of 12.02 percent. May I inquire about the prevailing market value of the bond?

Please approximate the answer to two decimal places.

Perform calculations utilizing Excel or a financial calculator.

Answer rating: 100% (QA)

Given information Par value face value 1000 Maturity 8 years Yield to maturity YTM 1202 semiannual c... View the full answer