Discussion Post
Zero coupon bonds pay no interest-the only cash investors receive is the lump-sum principal payment at maturity. On January 1, 2019, The Ledge Inc. issued $250 million of zero coupon bonds at a maturity yield rate of 10%. The bonds mature in 20 years. What was the January 1, 2039, issue price of these zero coupon bonds?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.