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A $1,000 Face Value Zero-Coupon Bond Is Quoted at a Price

Question 280

Multiple Choice

A $1,000 face value zero-coupon bond is quoted at a price of 43.30. What is the amount you would pay to purchase this bond?

A) $43.30
B) $430.30
C) $433.00
D) $956.70
E) $1,043.30

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