What is the price today of a zero coupon bond

Reference no: EM132051160

Question: What is the price today (in dollars and cents) of a 15-year zero coupon bond if the required rate of return is 8.99%. The bond face value is $1000. Place your answer in dollars and cents. You should set your calculator for at least four decimal places of accuracy. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132051160

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