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A zero-coupon bond was issued with a $10,000 par value. If similar bonds are currently yielding 8%, what is the market value of the bond

A zero-coupon bond was issued with a $10,000 par value. If similar bonds are currently yielding 8%, what is the market value of the bond with 3 years to maturity?

Select one:

a. $7,938.32

b. $7,903.15

c. $0.00

d. $10,000.00

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