Question: Find the face value o f the zero - coupon bond. 2 0 - year bond a t 5 . 9 6 5 . 9

Find the face value of the zero-coupon bond.
20-year bond at
5.965.96%;
price
$84508450
Question content area bottom
Part 1
The face value of the zero-coupon bond will be
$enter your response here.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!