Question: MC algo 6 - 2 7 Zero Coupon Bond Pricing Navarro, Incorporated, plans to issue new zero coupon bonds with a par value of $

MC algo 6-27 Zero Coupon Bond Pricing
Navarro, Incorporated, plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 4.89 percent and mature in 15 years. If we assume semiannual compounding, at what price will the bonds sell?
Multiple Choice
$468.33
$465.10
$488.64
$484.48
$472.37

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