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A zero-coupon bond was issued with a $1,000 par value. If similar bonds are currently yielding 10%, what is the market value of the bond

A zero-coupon bond was issued with a $1,000 par value. If similar bonds are currently yielding 10%, what is the market value of the bond with 15 years to maturity? Select one: a $239.39 b. $1,000.00 C. $800.00 d. $315.24

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