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- What is the present value of a zero-coupon bond with a face value of $15,000 and 9 years left to maturity if the yield

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What is the present value of a zero-coupon bond with a face value of $15,000 and 9 years left to maturity if the yield to maturity is 11%.

Select one:

A.

$6,932.78

B.

$5,863.87

C.

$8,472.58

D.

$7,472.58

E.

$5,472.58

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