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Highland Corp., a U.S. company, has a ten-year bond whose yield to maturity is 8.5 percent. The bond has no coupon payments. What is the

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Highland Corp., a U.S. company, has a ten-year bond whose yield to maturity is 8.5 percent. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semi-annual compounding for these zero-coupon bonds.) $434.99 $890.45 $726.27 $927.83

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