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Jacksons has $1,000 face value, zero-coupon bonds outstanding that mature in 13.5 years. What is the current value of one of these bonds if the

Jacksons has $1,000 face value, zero-coupon bonds outstanding that mature in 13.5 years. What is the current value of one of these bonds if the market rate of interest is 7.6 percent? Assume semiannual compounding.

Select one:

a. $365.32

b. $401.12

c. $360.49

d. $378.17

e. $384.07

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