What is the current selling price

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Reference no: EM13296160

Valuation - zero-coupon bond

A U.S. Government bond with a face amount of $10,000 with 13 years to maturity is yielding 5.5%. What is the current selling price?

I know it has coupon rate of zero so the formula should be Current Selling Price FV(PVFk,n)I am unsure of how to do this formula is it k x n which would be (5.5 X 13) x 10,000 is that correct?

Reference no: EM13296160

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