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There are zero coupon bonds outstanding that have a YTM of 5.85 percent and mature in 21 years. The bonds have a par value of

There are zero coupon bonds outstanding that have a YTM of 5.85 percent and mature in 21 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds? Multiple Choice $2,904.88 $3,030.34 $2,860.19 $2,979.36 $2,904.88 $2,880.05

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