RC IncJust Issued Zero-Coupon Bonds with a Par Value of $1,000

question 37

Multiple Choice

RC Inc.just issued zero-coupon bonds with a par value of $1,000.If the bond has a maturity of 15 years and a yield to maturity of 10%,what is the current price of the bond if it is priced in the conventional manner?

• A)$1,000
• B)$239.39
• C)$231.38
• D)This question cannot be answered because the coupon payment information is missing.

---

Definitions:

Richardson Retractor

A surgical instrument used to hold back the edges of a wound or incision to provide access to the underlying organs or tissues.

Minor Surgical Procedure

Surgical interventions that are typically quick, pose little risk, and do not require an extended period of recovery.

Scheduling

The process of organizing, planning, and arranging activities or tasks within a given timeline, often used in healthcare to manage appointments and procedures.

Fast

To abstain from all or some kinds of food or drink, especially as a religious observance.