26 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The bond has a current yield to maturity of 11.04 percent, compounded annually. What is the current price of the bond?
26 years ago, Blue Lake Corp. issued 30 year to maturity zero-coupon bonds with a par value of $5,000. The bond has a current yield to maturity of 11.04 percent,
compounded annually. What is the current price of the bond?
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