Finding the current price of the bond

Reference no: EM131945860

Question: Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 21 years and a yield to maturity of 7.56 percent, compounded annually. What is the current price of the bond? Round the answer to two decimal places. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131945860

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