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A zero-coupon bond has a $1,000 par value and 21 years to maturity. If the bond's required return is 7.5% per year, what is its

A zero-coupon bond has a $1,000 par value and 21 years to maturity. If the bond's required return is 7.5% per year, what is its value? 01) $311.14 2) $267.61 3) $218.99 4) $401.27 5) $332.76

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