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A 30-year zero-coupon bond that yields 12% percent is issued with a $1000 par value. What is the issuance price of the bond? Select one:

A 30-year zero-coupon bond that yields 12% percent is issued with a $1000 par value. What is the issuance price of the bond?

Select one:

A. $33.38

B. $83.52

C. $98.43

D. $154.89

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