Zero-coupon bond.
Wesley Company will issue a zero-coupon bond this coming month. The projected bond yield is 8%. If the par value is ?$1,000?, what is the? bond's price using a semiannual convention if
a. the maturity is 15 ?years?
b. the maturity is 40 years?
c. the maturity is 60 ?years?
d. the maturity is 100 years?