Question: Addison Company will issue a zero coupon bond this coming month. The projected yield for the bond is 7%. If the par value of the

Addison Company will issue a zero coupon bond this coming month. The projected yield for the bond is 7%. If the par value of the bond is $1,000, what is the price of the bond using a semiannual convention if a. The maturity is 20 years? b. The maturity is 30 years?

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