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Maloney Corp. issued zero-coupon bonds 10 years ago that have 20 years remaining until maturity. If investors require a 9.0% annual rate of return on

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Maloney Corp. issued zero-coupon bonds 10 years ago that have 20 years remaining until maturity. If investors require a 9.0% annual rate of return on these bonds, what is the market value for each bond? Assume semiannual compounding and $1,000 par value. Select one: a. $156.26 b. $171.93 c. $71.29 d. $75.37 As interest rates rise, holding other factors constant, the price of a bond will Select one: a. increase b. decrease c. cannot be determined d. remain constant if the firm's financial health does not change

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