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1) What is the value of a 20-year, zero-coupon bond with a face value of $1,000 when the market required rate of return is 9.6

1) What is the value of a 20-year, zero-coupon bond with a face value of $1,000 when the market required rate of return is 9.6 percent, compounded semiannually? A) $153.30 B) $192.40 C) $195.26 D) $168.31 E) $172.19

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