Question: A zero coupon bond had 10 years left to maturity and face value of $1,000. If the YTM on the bond is 8%, what is

A zero coupon bond had 10 years left to maturity and face value of $1,000. If the YTM on the bond is 8%, what is the price of the bond?

A) $333.33

B) $627.19

C) $298.76

D) $463.30

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