The Price of a Five-Year,zero-Coupon,default-Free Security with a Face Value

question 52

Multiple Choice

The price of a five-year,zero-coupon,default-free security with a face value of $1000 is closest to:

• A)$754.
• B)$772.
• C)$776.
• D)$791.

---

Definitions:

Market Demands

The total amount of goods or services that consumers in a specific market are willing and able to buy at a certain price level during a specified period.