Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. THe bond has a

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Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. THe bond has a maturity of 25 years and a yield to maturity of 8.29 percent, compounded semi-annually. What is the current price of bond?

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: Jan 27, 2020 05:39 AM

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Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. THe bond has a

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Total of semiannually payments 252 50 Intere... View the full answer

Investment Analysis and Portfolio Management

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