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You are purchasing a 20 -year, zero-coupon bond. The annual yield to maturity is 9.50 percent and the face value is $1,000. What is the

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You are purchasing a 20 -year, zero-coupon bond. The annual yield to maturity is 9.50 percent and the face value is $1,000. What is the current market price? Hint: Recall the necessary assumption about compounding. Select one: a. $148.44 b. $156.26 c. $132.82 d. $171.88 e. $140.63

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