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What is the fair value of a 6-year riskless zero-coupon bond with a face value of $100 if yields to maturity on comparable bonds are
What is the fair value of a 6-year riskless zero-coupon bond with a face value of $100 if yields to maturity on comparable bonds are 5%?
a) $74.62
b) $84.62
c) $94.62
d) $104.62
e) None of the above.
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