6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value...

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6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 12.96 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.

Posted Date: May 19, 2024 11:05 AM

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6 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value...

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