Multiple Choice
Autos and More offers a zero coupon bond with a yield to maturity of 9.3 percent.The bond matures in 11 years and has a face value of $1,000.What is this bond worth today? Assume semiannual compounding.
A) $367.91
B) $372.08
C) $375.99
D) $369.04
E) $374.17
Correct Answer:
Verified
Correct Answer:
Verified
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