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johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
The price of a five-year, zero-coupon, default-free security with a face value of $1000 is closest to:
A) $754
B) $772
C) $776
D) $791
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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wrote...
6 years ago
D
Explanation:  D) FV = 1000
PMT = 0
N = 5
I = 4.8
Compute PV = 791.03
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