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Assuming semiannual compounding, a 15-year zero coupon bond with a par value of $1,000 and a required return of 10.8% would be priced at _________.
Assuming semiannual compounding, a 15-year zero coupon bond with a par value of $1,000 and a required return of 10.8% would be priced at _________.
A. $206.43 (I think this is the correct answer)?
B. $214.74
C. $902.53
D. $948.77
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