Calculate the present value of a $1,000 zero-coupon bond with six years to maturity if the yield to maturity is 7%

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 25P
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Calculate the present value of a $1,000 zero-coupon bond with six years to maturity if the yield to maturity is 7%.

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ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,