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Question 17 of 17
Matt bought a 13-year, $5,000 zero coupon bond. What is the selling price (rounded to the nearest cent) of this bond if the current yield to maturity is 9%?
a. $1,630.89
b. $1,496.23
c. $5,000.00
d. $5,494.51
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Question 17 of 17
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