[Solved] A 15-year zero-coupon bond was issued wit

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A 15-year zero-coupon bond was issued with a $1000 par value to yield 8%. What is the approximate market value of the bond? A. $597

A 15-year zero-coupon bond was issued with a $1000 par value to yield 8%. What is the approximate market value of the bond? A. $597 B. $315 C. $275 D. $482

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