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8) 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

8) 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 (1) $29.55

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