A Risk-Free,zero-Coupon Bond Has 15 Years to Maturity

question 1

Multiple Choice

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
• E)$39.41

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Definitions:

Largest Exporter

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United States

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Japan

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Germany

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