Question: Highland Corp., a U.S. company, has a five-year bond whose yield to maturity is 6.5 percent and face value is $1,000. The bond has no

Highland Corp., a U.S. company, has a five-year bond whose yield to maturity is 6.5 percent and face value is $1,000. The bond has no coupon payments. What is the price of this zero coupon bond? (Assume semi-annual compounding for these zero-coupon bonds.) O $1,113.23 O a perpetuity. O $726.27 O $890.45

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