Multiple Choice
A zero-coupon bond has a yield to maturity of 12% and a par value of $1,000. If the bond matures in 18 years, the bond should sell for a price of _______ today.
A) $422.41
B) $501.87
C) $513.16
D) $122.74
Correct Answer:
Verified
Correct Answer:
Verified
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