Highland Corp., a U.S. company, has a five-year bond with a face value of $1,000 whose yield to maturity is 6.5 percent. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semiannual compounding for these zero-coupon bonds.) $1,113.23 $729.88 $927.83 O $726.27

Highland Corp. a U.S, company, has a five-year bond with a face value of $1,000 whose yield to maturity is 6.5 percent. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semiannuat compounding for these zero-coupon bonds.) $1,113.23 $729.88 5927.83 $726.27