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General Electric Incorporated issued a 30 year zero-coupon bond. If comparable AA ratedbonds yield 7.8%, what is the price of bond? (Discount at an annual

General Electric Incorporated issued a 30 year zero-coupon bond. If comparable AA ratedbonds yield 7.8%, what is the price of bond? (Discount at an annual rate)

(a)$1,000.00

(b)$ 0.00

(c)$1,050.60

(d)$ 105.06

(e)$ 780.00

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