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Variance Logistics wants to issue 20-year, zero-coupon bonds that yield 6.2 percent. What price should it charge for these bonds if the face value is $1,000

Respuesta :

Zviko

Answer:

$300.27

Explanation:

The price to be charged on this Bond is the Present Value and is calculated as ;

FV = $1,000

N = 20

PMT = $0

i = 6.2 %

P/yr = 1

PV = ?

Using a financial calculator to input the values as above, the price to be charged on this Bond is $300.27

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