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14. Poland Co. wants to issue 10-year, zero coupon bonds that yield 6 percent. Assume annual compounding. What price should it charge for these bonds

14. Poland Co. wants to issue 10-year, zero coupon bonds that yield 6 percent. Assume annual compounding. What price should it charge for these bonds if the face value is $1,000?

a. $654.18 b. $461.73 c. $558.39 d. $336.91 N=10, I/Y=6, PMT=0, FV=1,000 => CPT PV

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