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What is the market price of a zero-coupon bond (that is, a bond that will not pay any coupon payments) that will mature in 15
What is the market price of a zero-coupon bond (that is, a bond that will not pay any coupon payments) that will mature in 15 years and has the face value of $1,000? Assume the yield to maturity is 5.6%, and that it will compound semiannually.
A.) $436.72
B.) $424.17
C.) $456.42
D.) $852.52
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