Question: Vozza Development has a pure discount bond that comes due in one year and has a face value of $ 1 , 0 0 0

Vozza Development has a pure discount bond that comes due in one year and has a face value of $1,000. The risk-free rate of return is 4 percent. The assets of Vozza are expected to be worth either $800 or $1,300 in one year. Currently, these assets are worth $1,140. What is the current value of Vozzas debt? Multiple Choice $222.46 $370.77 $514.28 $769.23 $917.5

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