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A 17-year zero-coupon bond was issued with a $1,000 par value to yield 16%. What is the approximate market value of the bond? Use
A 17-year zero-coupon bond was issued with a $1,000 par value to yield 16%. 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 $60 O $80 $160 $120
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
