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A 12-year zero coupon bond has face value of $1,000 and yield to maturity of 5.78 percent. Assuming semiannual compounding, what should the bond sell

A 12-year zero coupon bond has face value of $1,000 and yield to maturity of 5.78 percent. Assuming semiannual compounding, what should the bond sell for today?

A) $509.52

B) $477.02

C) $471.23

D) $504.71

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