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A zero-coupon bond has a face value of $1000, and a yield to maturity of 3%. If the bond matures in 3 years, what is
A zero-coupon bond has a face value of $1000, and a yield to maturity of 3%. If the bond matures in 3 years, what is its price today?
Select one:
a. $833.33
b. $915.14
c. $580.23
d. $2,958.88
e. $1,000
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