You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 8.85 percent and...
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Accounting
You are purchasing a 15-year, zerocoupon bond. The yield to maturity is 8.85 percent and the face value is $1,000. What is the current market price? Assume annual compounding.
Group of answer choices
$280.27
$380.70
$650.83
$536.51
$451.19
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