Answer:
$4909.09
Explanation:
The computation of price of the bonds is shown below:-
Future Value = $10,000
Yield to maturity = 4.8% ÷ 2
= 2.4%
Number of years = 15 × 2
= 30 years
Value of a zero coupon Bond = Future Value ÷ (1 + Yield to Maturity )^N
= $10,000 ÷ (1 + 2.4%)^30
= $10,000 ÷ (1.024)^30
= $10,000 ÷ 2.037035976
= $4909.09
Therefore, A zero coupon bond pays no interest. And coupon payments over the entire bond period will be 0
