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Teapot just issued zero-coupon bonds with a par value of $1,000. If the bond has a maturity of 15 years and a yield to maturity

Teapot just issued zero-coupon bonds with a par value of $1,000. If the bond has a maturity of 15 years and a yield to

maturity of 10% compounded semi-annually, what is the current price of the bond if it is priced in the conventional

manner?

A)$239.39

B) $1,000

C) This question cannot be answered because the coupon payment information is missing.

D)$231.38

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