A zero-coupon bond matures in 15 years. At a market discount rate of 4.5% per year and
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A zero-coupon bond matures in 15 years. At a market discount rate of 4.5% per year and assuming annual compounding, the price of the bond per 100 of par value is closest to:
A. 51.30.
B. 51.67.
C. 71.62.
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The correct answer is B 5167 A zerocoupon bond is a type of bond that does not pay interest pa...View the full answer
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