Other Homework Help. UMGC Maxi Min Inc Maturity Zero Coupon Bond & Price of The Bond Exercise
3 years ago, Maxi Min Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 9.21 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places.
