Question
A 13-year zero-coupon bond was issued with a $1,000 par value to yield 13%. What is the approximate market value of the bond? Use Appendix
A 13-year zero-coupon bond was issued with a $1,000 par value to yield 13%. 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.)
Multiple Choice
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$204
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$306
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$153
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$408
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith Baker
2nd Edition
0763726605, 9780763726607
