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If you purchase a five-year, zero-coupon bond for $550, how much could it be sold for three years later if interest rates have remained stable?

If you purchase a five-year, zero-coupon bond for $550, how much could it be sold for three years later if interest rates have remained stable?

Select one:

a. $650.00

b. $723.05

c. $757.86

d. $787.31

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