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Solve the Problem 5.4%5.4 \% (Compounded Semiannually) with a Price Of $17,225\$ 17,225

Question 30

Multiple Choice

Solve the problem.
-Find the face value (to the nearest thousand dollars) of the 20 -year zero-coupon bond at 5.4%5.4 \% (compounded semiannually) with a price of $17,225\$ 17,225 .


A) $50,000\$ 50,000
B) $20,200\$ 20,200
C) $49,500\$ 49,500
D) $20,000\$ 20,000

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