$19$

Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in $8$ years if the market interest rate is $6$ percent. Assume semi$-$annual interest payments and $$1,000$ par value. Note: Round your answer to $2$ decimal places.

oints

Multiple Choice

$01$:$57$:$19$

$$ $$623\mathrm{.}17$

$$ $$627\mathrm{.}41$

$$1,000\mathrm{.}00$

$$ $$940\mathrm{.}00$