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Z Biz sold a 5-year, $1,000, zero-interest bond for $497.18 when the market rate of interest was 15%. The present value of the principal is
Z Biz sold a 5-year, $1,000, zero-interest bond for $497.18 when the market rate of interest was 15%. The present value of the principal is Select one: a. $5,000 b. $497.18 c. $1,000.00 d. $74.58
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