Question: Consider a zero-coupon bond with a $1000 face value and 10 years left until maturity with annual compounding. If the YTM of this bond is
| Consider a zero-coupon bond with a $1000 face value and 10 years left until maturity with annual compounding. If the YTM of this bond is 10.4%, then the price of this bond is closest to: The answer is $372 Present Value, but in my calculator I'm not getting this. I enter -1,000 = FV, 10 = N, and 10.4 = I/Y What am I doing wrong? Is my calculator messed up? Should I enter .104 ? Thank you!
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