Question: Problem 5. Bond Price What is the present value (i.e., price) today of a bond that will pay its owner $1,000,000 five years from today

Problem 5. Bond Price

What is the present value (i.e., price) today of a bond that will pay its owner \$1,000,000 five years from today if the discount rate is 4\% per annum? (This is called a zero-coupon or pure discount bond)

*Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision.

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