Answer C

Suppose Bombardier zero-coupon bonds have a face value of $1000 and mature in 10 years. They currently (today) sell for $553.68. By what percentage will the price of the bond rise if the market's required return falls by 4% ? Pick the closest answer. Select one: a. 34.1% b. 43.7% c. 47.2% d. 49.4% e. 33.8% f. 50.0%