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9. 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

9. 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 annually? A. $159.87 B. $192.40 C. $195.26 D. $172.19

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