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You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 4.85...

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Accounting

image You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 4.85 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding. $358.47 $487.33 $321.50 $364.11 $408.18

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