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A $1,000 face value zero-coupon bond is quoted at a price of 38.62. What is the amount you will pay to purchase this bond? a.

A $1,000 face value zero-coupon bond is quoted at a price of 38.62. What is the amount you will pay to purchase this bond? a. $38.62 b. $3.86 c. $386.20 d. $1,038.62 e. $.39

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