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7) Lighting Co. is planning to fund a project by issuing 15 -year zero coupon bonds with a face value of $1,000. Assuming semiannual compounding

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7) Lighting Co. is planning to fund a project by issuing 15 -year zero coupon bonds with a face value of $1,000. Assuming semiannual compounding of interest, what will be the price of these bonds if the appropriate discount rate is 10 percent? (Round your answer to the nearest dollar.) A) $542 B) $258 C) $415 D) $231

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