Bond valuationlong dash zero coupon

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(Bond valuationlong dash zero coupon?) The Latham Corporation is planning on issuing bonds that pay no interest but can be converted into $1000 at? maturity, 7 years from their purchase. To price these bonds competitively with other bonds of equal? risk, it is determined that they should yield 7 percent, compounded annually. At what price should the Latham Corporation sell these? bonds?

A. The price of the Latham Corporation bonds should be $??? (round to the nearest cent)

Reference no: EM131599609

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