Question: Consider a $1,000 face value, zero coupon bond with 20 years to maturity. If the YTM is 6%, what is the price of the bond

Consider a $1,000 face value, zero coupon bond with 20 years to maturity. If the YTM is 6%, what is the price of the bond today?

Group of answer choices

$1,000.00

$311.80

$3,207.14

$97.22

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