Solved: 23 years ago blue lake corp issued 30 year to maturity, Finance Basics

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23 years ago blue lake corp issued 30 year to maturity

Finance: zero-coupon bond

Question

23 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The current interest rate on this type of bond is 8.76 percent, compounded annually. What is the current price of the bond?

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Finance Basics: 23 years ago blue lake corp issued 30 year to maturity

Reference No:- TGS02179418

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Solution Preview :

Prepared by a verified Expert

Finance Basics: 23 years ago blue lake corp issued 30 year to maturity

Reference No:- TGS02179418

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