A 30-year zero-coupon bond that yields 12% percent is issued with a $1000 par value. What is the issuance price of the bond?
https://excellenthomeworks.com/wp-content/uploads/2020/08/logo-300x75.png00adminhttps://excellenthomeworks.com/wp-content/uploads/2020/08/logo-300x75.pngadmin2020-08-09 04:46:252020-08-09 04:46:25A 30-year zero-coupon bond that yields 12% percent is issued with a $1000 par value. What is the issuance price of the bond?