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7. A risk-free, zero-coupon bond has 15 years to maturity. Which of the following is closest to the price per $100 of face value that

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7. A risk-free, zero-coupon bond has 15 years to maturity. Which of the following is closest to the price per $100 of face value that the bond will trade at if the YTM is 7%? a. $36.24 b. $38.78 c. $32.68 d. $29.55 8. Consider a $1,000 zero-coupon bond with 20 years to maturity. The price will this bond trade at if the YTM is 696 is closest to: a. $215 b. $335 c. $312 d. $306

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