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A 16-year zero-coupon bond was issued with a $1,000 par value to yield 19%. What is the approximate market value of the bond? Use Appendix

A 16-year zero-coupon bond was issued with a $1,000 par value to yield 19%. 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.) image text in transcribed
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A 16-year zero-coupon bond was issued with a $1,000 par value to yield 19%. 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 O $93 $62 $46 A 16-year zero-coupon bond was issued with a $1,000 par value to yield 19%. 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 O $93 $62 $46

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