Mathematics, 22.11.2021 17:10 ello17

A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual yield of 12%. Find the price. [Hint: The price is the present value of $400 4 years from now at the stated interest rate.] (Round your answer to the nearest cent.)

A corporation recently sold zero-coupon $400 bonds maturing in 4 years with an annual yield of 12%.

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