Question: Sunland Corp., a U.S. company, has a five-year bond whose yield to maturity is 7.0 percent (assume semiannual compound). The bond has no coupon payments.

Sunland Corp., a U.S. company, has a five-year bond whose yield to maturity is 7.0 percent (assume semiannual compound). The bond has no coupon payments. What is the price of this zero coupon bond?

Price of zero coupon bond?

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