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A 15-year zero-coupon bond was issued with a $1.000 par value and a yield to maturity of 8%. If similar bonds are currently yielding 10%,

A 15-year zero-coupon bond was issued with a $1.000 par value and a yield to maturity of 8%. If similar bonds are currently yielding 10%, what is the market value of the bond? Multiple Choice $315 24 S800.00 $1,000.00 5239.39

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