Question: Please provide the steps to solving this problem using a financial calculator as well as reasonings for certain steps if needed: What is the value
Please provide the steps to solving this problem using a financial calculator as well as reasonings for certain steps if needed:
What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to maturity.
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