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A 15 -year zero-coupon bond was issued with a $1,000 par value to yield 20%. What is the approximate market value of the bond? Use

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A 15 -year zero-coupon bond was issued with a $1,000 par value to yield 20%. What is the approximate market value of the bond? Use Appendix 8 . Note: Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount. Mutiple Choice $130 598 $65 $49 Present value of 51,PVL : PV=FVII/(1+)7)

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