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The price of a $1,000 par zero coupon bond maturing 7 years 2 months from now when the yield is 10% is closest to ___.
The price of a $1,000 par zero coupon bond maturing 7 years 2 months from now when the yield is 10% is closest to ___. Hint: this bond pays no coupon other than 1000 dollars upon maturity.
A. 500
B. 505
C. 510
D. 515
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