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Assuming semiannual compounding, a 20-year zero coupon bond with a par value of $1,000 and a required return of 11.0% would be priced at _________.

Assuming semiannual compounding, a 20-year zero coupon bond with a par value of $1,000 and a required return of 11.0% would be priced at _________.

Multiple Choice

$117.46

$124.03

$900.90

$947.87

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