25 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value...

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25 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 5.91 percent, compounded annually. What is the current price of the bond?

Round the answer to two decimal places.

Posted Date: May 21, 2024 02:13 AM

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25 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value...

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