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

Question 51

Multiple Choice

A $1,000 face value zero coupon bond is quoted at a price of 53.60.What is the amount you would pay to purchase this bond?

A) $5.36
B) $53.60
C) $536.00
D) $946.40
E) $1,053.60

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