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Solve the Problem 4.4%4.4 \% (Compounded Semiannually) with a Price Of $20,823\$ 20,823

Question 168

Multiple Choice

Solve the problem.
-Find the face value (to the nearest thousand dollars) of the 15 -year zero-coupon bond at 4.4%4.4 \% (compounded semiannually) with a price of $20,823\$ 20,823 .


A) $45,800\$ 45,800
B) $45,000\$ 45,000
C) $40,500\$ 40,500
D) $40,000\$ 40,000

Correct Answer:

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