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A 5 - year zero - ctupon bond was issued with a $ 1 , 0 0 0 par value to yield 8 % .

5 -

year zero

-

ctupon bond was issued with a $

1, 000

par value to yield

8 % .

What is the approximate market value of the bond? Use time value of money table in Appendix B

Multiple Choice

597

681

275

482

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