Question: Matt bought a 1 6 - year, $ 5 , 0 0 0 zero coupon bond. What is the selling price ( rounded to the

Matt bought a 16-year, $5,000 zero coupon bond. What is the selling price (rounded to the nearest cent) of this bond if the current yield to maturity is 10%?
a. $1,088.15
b. $989.22
c. $5,000.00
d. $5,555.56
Matt bought a 16-year, $5,000 zero coupon bond. What is the

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