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What is the current price of the bond-marco chip

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Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 15 years and a yield to maturity of 9.55 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.

Reference no: EM132491080

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What is the current price of the bond-marco chip : Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 15 years and a yield to maturity of 9.55 percent
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