Current price of the bond of fantastic floors, Finance Basics

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Current price of the bond of fantastic floors

Problem:

Fantastic Floors 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 7.45%, compounded semi-annually.

Required:

Question: What is the current price of the bond?

Note: Provide thorough explanation of the given question.

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Finance Basics: Current price of the bond of fantastic floors

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Finance Basics: Current price of the bond of fantastic floors

Reference No:- TGS0893120

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