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John Locke Industries Inc. is issuing a zero-coupon bond that will have a maturity of fifty years. The bond's par value is $1,000, and the

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John Locke Industries Inc. is issuing a zero-coupon bond that will have a maturity of fifty years. The bond's par value is $1,000, and the current yield on similar bonds is 7.5%. What is the expected price of this bond, using semiannual compounding? Select one: a. $250.19 b. $1,000.00 c. $750.00 d. $1,125.50 e. $25.19

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