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You want to buy a zerocoupon bond for your fixedincome portfolio. How much should you pay for a zerocoupon bond with 20 years to maturity

You want to buy a zerocoupon bond for your fixedincome portfolio. How much should you pay for a zerocoupon bond with 20 years to maturity and a face value of $1000 if the yield to maturity is 15%?

a. $55.42 b. $1000 c. $16,366.54 d. $61.10

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