Question: #20 Saved Help Save & Exit Submi MC algo 5-2/ Zero Coupon Bond Pricing Navarro, Inc. plans to issue new zero coupon bonds with a

#20 Saved Help Save & Exit Submi MC algo 5-2/ Zero Coupon Bond Pricing Navarro, Inc. plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 5.13 percent and mature in 15 years. If we assume semiannual compounding, at what price will the bonds sell? Multiple Choice

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