Question: A zero coupon bond maturing in 5 years has a par value of $ 1 , 0 0 0 and a yield to maturity of

A zero coupon bond maturing in 5 years has a par value of $1,000 and a yield to maturity of 8.79%. What is the bond's current price assuming semiannual compounding?
650.43
656.23
1000.00
806.49
 A zero coupon bond maturing in 5 years has a par

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