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plan to purchase 1,000 zero-coupon bond that matures 20 years from today. zero-coupon means that the bond will pay no coupon, will return the face
plan to purchase 1,000 zero-coupon bond that matures 20 years from today. zero-coupon means that the bond will pay no coupon, will return the face value in 20 years. interest rate is 7% how much should you pay for the bond?
A.1,000
B. 258.42
C. 629.56
D. 50
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