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Jill wants to buy 8-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 11.8 percent p.a. Assuming

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Jill wants to buy 8-year zero coupon bonds with a face value of $1,000. Her required return on the bonds is 11.8 percent p.a. Assuming annual compounding, what would Jill be prepared to pay for the bond? ( to the nearest cent) Select one: a. $409.70 O b. $819.91 c. $614.80 O d. $1205.32

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