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NR, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. If the bonds have a

NR, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. If the bonds have a YTM of 4.2% and mature in 15 years, what is their price assuming annual compounding?

	a	$539.49
	b	$414.64
	c	$376.08
	d	$317.32

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