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TransTech Ltd is planning to fund a project by issuing 10-year zero coupon bonds in Europe with a face value of 1000. Assuming annual coupons

TransTech Ltd is planning to fund a project by issuing 10-year zero coupon bonds in Europe with a face value of 1000. Assuming annual coupons to be the norm, what will be the price of these bonds if the appropriate discount rate is 10 percent?

Select one:

A. 376.89

B. 1,000

C. 890.99

D. 385.54

E. 900.90

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