Find the face value of the zero-coupon bond. 20-year bond at 8.28%; price $9150 The face value of the zero-coupon bond will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
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Instead, it is sold at a discount and matures at its face value. The price of a zero-coupon bond can be calculated using the present value formula: $$PV = \frac{FV}{(1 + r)^n}$$ where: PV = Present Value (price of the bond) FV = Face Value (or Future Value) r = Show more…
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