A 15-Year Zero-Coupon Bond Was Issued with a $1,000 Par

question 81

Multiple Choice

A 15-year zero-coupon bond was issued with a $1,000 par value to yield 8%. What is the approximate market value of the bond?

• A)$597
• B)$315
• C)$275
• D)$482

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Definitions:

Natural Settings

Environments or situations that occur naturally without human intervention or artificiality.

Quality Of Work

The measure of excellence or state of being free from defects, deficiencies, and significant variations in a product or service.

Good Follower

A person who supports and is guided by another person or by a group, showing commitment and adaptability.

Productivity Rate

A measure of the efficiency of production or the amount of output generated per unit of input.