Question: Max and Ruby Cat Food, Inc. has issued zero coupon bonds which mature in 20 years. The bonds have a $1,000 par value. The market

Max and Ruby Cat Food, Inc. has issued zero coupon bonds which mature in 20 years. The bonds have a $1,000 par value. The market has priced the bonds to yield 9%. What is the market price of the bonds?

178.43

900.00

910.00

cannot be determined with this information\

none of these

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