Happy Feet Industries Inc. is issuing a zero-coupon bond that will have a maturity of 20 years. The bond's par value is
Posted: Thu Dec 23, 2021 8:28 am
Happy Feet Industries Inc. is issuing a zero-coupon bond that will have a maturity of 20 years. The bond's par value is $5.000, and the current yield on similar bonds is 8%. What is the expected price of this bond (compounded quarterly)?