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Jill wants to buy 3-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 11.9 percent p.a. Assuming

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Jill wants to buy 3-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 11.9 percent p.a. Assuming annual compounding, what would Jill be prepared to pay for the bond? ( to the nearest cent) Select one: a. $713.69 b. $814.74 c. $764.22 d. $1212.87

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