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Question 9 Calculate the price of a zero-coupon bond that matures in 16 years if the market interest rate is 3.85% (Assume semiannual compounding and

Question 9

"Calculate the price of a zero-coupon bond that matures in 16 years if the market interest rate is 3.85% (Assume semiannual compounding and $1,000 par value)."

		$298.53
		"$2,232.00 "
		"$1,616.00 "
		"$1,000.00 "
		$536.21
		$543.27
		$548.70

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