A zero-coupon bond has a face value of $1,000, 30 years until maturity, and a yield- to-maturity of 2.80%. Calculate the price of the bond. $345.81 $245.00 $399.01 None of the above $436.72
A zero-coupon bond has a face value of $1,000, 30 years until maturity, and a yield- to-maturity of 2.80%. Calculate the price of the bond. $345.81 $245.00 $399.01 None of the above $436.72
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A zero-coupon bond has a face value of $1,000, 30 years until maturity, and a yield-
to-maturity of 2.80%. Calculate the price of the bond.
$345.81
$245.00
$399.01
None of the above
$436.72
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