A Zero-Coupon Bond Has a Yield to Maturity of 5

question 67

Multiple Choice

A zero-coupon bond has a yield to maturity of 5% and a par value of $1,000. If the bond matures in 16 years, it should sell for a price of ________ today.

• A) $458.11
• B) $641.11
• C) $789.11
• D) $1,100.11

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