A

riskfree,

zerocoupon

bond has 15 years to maturity. Which of the following is closest to the price per

$100

of face value that the bond will trade at if the YTM is

5%?

Question content area bottom

Part 1

A.$ 60.3

$60.3

B.$ 45.23

$45.23

C.$ 37.69

$37.69

D.$ 52.76