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A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual yield of 12%. Find the price. [Hint: The price is the present value of $400 4 years from now at the stated interest
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A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual yield of 12%. Find the price. [Hint: The price is the present value of $400 4 years from now at the stated interest rate.] (Round your answer to the nearest cent.)

A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual-example-1
User Crbast
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6 votes

Answer:

Explanation:

400*1.12^-4= 254.2072314

User Piet
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