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Jarmine Corp

Question 52

Multiple Choice

Jarmine Corp., is planning to fund a project by issuing 10-year zero coupon bonds with a face value of $1,000. Assuming semiannual compounding of interest, what will be the price of these bonds if the appropriate discount rate is 14 percent? (Round your answer to the nearest dollar.)


A) $852
B) $258
C) $419
D) $841

Correct Answer:

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