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Consider a Zero-Coupon Bond with a $1000 Face Value and Ten

Question 91

Multiple Choice

Consider a zero-coupon bond with a $1000 face value and ten years left until maturity.If the YTM of this bond is 10.4%,then the price of this bond is closest to:


A) $1000
B) $602
C) $1040
D) $372
E) $906

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