Use the Figure for the Question(s)below

question 98

Multiple Choice

Use the figure for the question(s) below.
-A risk-free,zero-coupon bond has 15 years to maturity.Which of the following is closest to the price per $100 of face value that the bond will trade at if the YTM is 7%?

• A)$29.55
• B)$32.68
• C)$36.24
• D)$38.78

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