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A zero-coupon bond has a yield to maturity of 9% and a par value of $1,000. If the bond matures in eight years, the bond
A zero-coupon bond has a yield to maturity of 9% and a par value of $1,000. If the bond matures in eight years, the bond should sell for a price of _______ today.
| None of the options are correct. | ||
| $483.49 | ||
| $513.16 | ||
| $422.41 | ||
| $501.87 |
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