Fantastic floors inc just issued zero-coupon bonds with a, Financial Management

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Fantastic floors inc just issued zero-coupon bonds with a

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. What is the current price of the bond? Round the answer to two decimal places.

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Financial Management: Fantastic floors inc just issued zero-coupon bonds with a

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Financial Management: Fantastic floors inc just issued zero-coupon bonds with a

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