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borteleto borteleto
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Posts: 2477
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6 years ago
A zero coupon bond pays no annual coupon interest payments. When it matures at the end of 7.5 years it pays out $1,000. If investors wish to earn 2.35% per year on this bond investment, what is the current price of the bond? (Round to the nearest dollar.)
A) $533
B) $561
C) $875
D) $840
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6 years ago
 D
 
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