Time left 0:15:00\ A 15-year zero-coupon bond was issued with a

$1,000

par value and a yield to maturity of

8%

. If similar bonds are currently yielding

8%

, what is the market value of the bond?\ Select one:\ a.

$239.39

\ b.

$315.24

\ c.

$800.00

\ d.

$1,000.00

A 15-year zero-coupon bond was issued with a $1,000 par value and a yield to maturity of 8%. If similar bonds are currently yielding 8%, what is the market value of the bond? Select one: a. $239.39 b. $315.24 c. $800.00 d. $1,000.00