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Jill wants to buy 6-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 12.7 percent p.a. Assuming
Jill wants to buy 6-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 12.7 percent p.a. Assuming annual compounding, what would Jill be prepared to pay for the bond? (to the nearest cent) a. $488.04 b. $806.50 c. $647.27 O d. $1222.57
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