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10 October, 03:11

What is the price of $1000 face-value one year zero coupon discount bond that offers 1.5% yield?

a.$992.3

b.$1001.5

c.$998.5

d.$985.2?

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Answers (1)
  1. 10 October, 03:17
    0
    D. 985.2 is the correct answer
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