macy's is planning a store expansion by issuing 10-year zero coupon bond that makes semi-annual coupon payments at a rate of 5.875% with a face value of $1,000. Assuming semi-annual compounding, what will be the price of these bonds, if the appropriate yield to maturity (discount rate) is 14%?
PV= ?
i/y= ?
n=?
PMT=?
FV=?

Answer rating: 100% (QA)

Youu can find the price of the bond using the present value PV formula for bonds with semiannual com... View the full answer