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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 5.8%, and that it will compound semiannually.

A.) $1,000

B.) $429.25

C.) $943.12

D.) $424.17

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