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  3. you are purchasing a 15-year, zerocoupon bond. the

You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 8.85 percent and...

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Question

Accounting

You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 8.85 percent and the face value is $1,000. What is the current market price? Assume annual compounding.

Group of answer choices

$280.27

$380.70

$650.83

$536.51

$451.19

Answer & Explanation Solved by verified expert
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