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The Bailey Brothers want to issue 20 -year, zero coupon bonds that yield 9 percent. What price should it charge for these bonds if the

The Bailey Brothers want to issue 20 -year, zero coupon bonds that yield 9 percent. What price should it charge for these bonds if the face value is $1,000 ? a. $163.70 b. $202.64 C. $194.49 d. $178.43 e. $157.25

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