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You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 6.85 percent and the face value is RM1,000. What is the current market

You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 6.85 percent and the face value is RM1,000. What is the current market price of the bond?

Select one:

a. RM321.50

b. RM406.67

c. RM408.18

d. RM370.15

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