Question: You are purchasing a 20-year, zero coupon bond. The yield to maturity is 9 percent compounded annually and the face value is $1,000. What is

You are purchasing a 20-year, zero coupon bond. The yield to maturity is 9 percent compounded annually and the face value is $1,000. What is the current price? a. $1,000 b. $69 c. $178 d. $263 e. $73

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