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A bond has a par-value of $1,000, pays 0% annual coupon rate at the end of each year and maturity period is 10 years. How

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A bond has a par-value of $1,000, pays 0% annual coupon rate at the end of each year and maturity period is 10 years. How much would you pay to purchase this 0% coupon rate bond which has 10 years maturity period? Hint:If the bond pays the par-value but no coupon payments before the maturity day, would you buy it if it cost $1000 or higher if the market interest is positive? Select an answer and subinit. For keyboard navigation, use the up/down arrow keys to select an answer. The issuer must go bankrupt. Less than $1000, if the market interest rate is positive 1000 More than $1000, if the market interest rate is positive

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