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A 12-year zero-coupon bond was issued with a $1000 par value to yield 16. What is the approximate market value of the bond? Use Appendix

A 12-year zero-coupon bond was issued with a $1000 par value to yield 16. What is the approximate market value of the bond? Use Appendix B. (Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.)$336, $252, $168, $126

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