zizzybug7134 zizzybug7134

13-05-2023
Business

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A zero-coupon bond is a security that pays no interest, and is
therefore bought at a substantial discount from its face value. If
the interest rate is 4% with annual compounding how much would you
pay today for a zero-coupon bond with a face value of $2,700 that
matures in 6 years? Please round your answer to the nearest
hundredth.

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