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A $1,000 par-value zero-coupon bond matures in 9 years. If the yield-to-maturity is 7%, what is the bonds price. Assume semi-annual compounding and round your
A $1,000 par-value zero-coupon bond matures in 9 years. If the yield-to-maturity is 7%, what is the bonds price. Assume semi-annual compounding and round your answer to the nearest penny.
$539.98
$543.93
$547.03
$538.36
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