Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate is 6 percent. Assume semi-annual interest payments and $1,000 par value. Note: Round your answer to 2 decimal places. Multiple Choice О $1,000.00 $940.00 $623.17 $627.41

Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate is 6 percent. Assume semi-annual interest payments and $1,000 par value. Note: Round your answer to 2 decimal places. Multiple Choice О $1,000.00 $940.00 $623.17 $627.41

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6DTM

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Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate
is 6 percent. Assume semi-annual interest payments and $1,000 par value.
Note: Round your answer to 2 decimal places.
Multiple Choice
$1,000.00
$940.00
О
$623.17
$627.41

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