The Lewiston Company issues 25-year bonds, but it pays no coupon. Calculate the price per $1,000 face value of this zero

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The Lewiston Company issues 25-year bonds, but it pays no coupon. Calculate the price per $1,000 face value of this zero

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The Lewiston Company Issues 25 Year Bonds But It Pays No Coupon Calculate The Price Per 1 000 Face Value Of This Zero 1
The Lewiston Company Issues 25 Year Bonds But It Pays No Coupon Calculate The Price Per 1 000 Face Value Of This Zero 1 (14.29 KiB) Viewed 10 times
The Lewiston Company issues 25-year bonds, but it pays no coupon. Calculate the price per $1,000 face value of this zero-coupon bond using an interest rate of 7.1%. Answer to the nearest cent.
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