What Is the Value of a 20-Year,zero-Coupon Bond with a Face

question 28

Multiple Choice

What is the value of a 20-year,zero-coupon bond with a face value of $1,000 when the market required rate of return is 9.6 percent,compounded semiannually?

• A)$153.30
• B)$192.40
• C)$195.26
• D)$168.31
• E)$172.19

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