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krek1111 [17]
3 years ago
12

A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual yield of 12%. Find the price. [Hint: The p

rice is the present value of $400 4 years from now at the stated interest rate.] (Round your answer to the nearest cent.)

Mathematics
1 answer:
madreJ [45]3 years ago
5 0

Answer:

Step-by-step explanation:

400*1.12^-4= 254.2072314

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