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XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.

XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate. What is the current price of a zero coupon bond with a 6% yield to maturity that matures in 15 years?

$4.17

$41.27

$417.27

$4,172.00

None of the above

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