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Today, you want to sell a $1,000 face value zero coupon bond you currently own. The bond matures in 8 years. How much will you
Today, you want to sell a $1,000 face value zero coupon bond you currently own. The bond matures in 8 years. How much will you receive for your bond if the market yield to maturity is currently 6 percent? Ignore any accrued interest.
a.
You will receive $394
b.
You will receive $627
c.
You will receive $789
d.
You will receive $623
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