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A zero-coupon bond promises to pay $1,000 in ten years.The appropriate annual effective interest rate for the 10-year period is a constant 6%.Rounded to the

A zero-coupon bond promises to pay $1,000 in ten years.The appropriate annual effective interest rate for the 10-year period is a constant 6%.Rounded to the nearest dollar, the current price of the bond is

$558

$747

$943

$1,000

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