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1 7 . Using the annual compounding, the value of a 3 - year, zero - coupon, $ 1 , 0 0 0 par value

17 .

Using the annual compounding, the value of a

3 -

year, zero

-

coupon, $

1, 000

par value bond would be :

.

708

.

785

.

852

.

948

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