Solved: 20 years ago mini max inc issued 30 year to maturity, Finance Basics

20 years ago mini max inc issued 30 year to maturity

Finance: Zero-coupon bond

Question

20 years ago, Mini Max Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 7.21 percent, compounded semi-annually. What is the current price of the bond?

Solution Preview :

Prepared by a verified Expert

Finance Basics: 20 years ago mini max inc issued 30 year to maturity

Reference No:- TGS02177848

Now Priced at $5 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What cause pelvic inflammatory disease

Which of the following can cause pelvic inflammatory disease, characterized by fever and abdominal pain?

Problem about the food safety program

List two things that affect which cleaning, sanitizing and pest control equipment and materials are used as part of the food safety program.

Write a proposal for a study about transmitted culture

Write a proposal for a study about your topic (Transmitted Culture). Design a potential study to explore a relevant human behavior related to your topic

Discuss - should ever have to put off seeing a doctor

I don't believe anyone in the world should ever have to put off seeing a doctor because they can't afford it. Nor should anyone go bankrupt due to medical expen

Problem concerning grief therapy

Report on either Exercise 7.4 Grief Therapy or Exercise 7.5 Spirituality answering the questions from page 179 (see page 179, Exercise 7.4 Grief Therapy and Exe

Impact of delayed diagnosis on outcome in pediatric asthma

Topic: The impact of delayed diagnosis on outcome in pediatric asthma patients. State your draft thesis/problem statement which includes the subject, problem

Discuss about client with acute otitis externa in left ear

A client with acute otitis externa in the left ear has been prescribed neomycin-polymyxin B-hydrocortisone ear drops.

Solution Preview :

Prepared by a verified Expert

Finance Basics: 20 years ago mini max inc issued 30 year to maturity

Reference No:- TGS02177848

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Write a paper on spender jc in relation to modern strategy

Q : Since then interest rates in general have changed and the

Q : End d of the strut is to be positioned on the y axis so

Q : Consider the last decision that you have made purchase of

Q : 20 years ago mini max inc issued 30 year to maturity

Q : Explain the availability representativeness and affect

Q : A whistle is made of square tube with a notch cut in its

Q : Discuss three supervisory techniques that they used using

Q : It has an annual coupon rate of 10 percent paid