Question: A zero - coupon bond has a yield to maturity of 1 2 % and a par value of $ 1 , 0 0 0

A zero-coupon bond has a yield to maturity of 12% and a par value of $1,000. If the bond matures in 18 years, the bond should sell for a price of today. (Note: Assume annual compounding.)
Multiple Choice
$130.04
$501.87
$422.41
$513.16
None of the options are correct.
A zero - coupon bond has a yield to maturity of 1

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