The bond has a maturity of 28 years and a yield to maturity, Financial Management

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The bond has a maturity of 28 years and a yield to maturity

Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 28 years and a yield to maturity of 11.26 percent, compounded annually. What is the current price of the bond? Round the answer to two decimal places.

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Financial Management: The bond has a maturity of 28 years and a yield to maturity

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Financial Management: The bond has a maturity of 28 years and a yield to maturity

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