What is the price of a zero coupon bond with $1,000 face value, 8 years to maturity O $822.88 $747.77 $813.96 $739.67

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 8MC: Suppose a 10-year, 10% semiannual coupon bond with a par value of 1,000 is currently selling for...
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What is the price of a zero coupon bond with $1,000 face value, 8 years to maturity and an annual yield of 3.7%?
O $822.88
O $747.77
O $813.96
O $739.67
Transcribed Image Text:What is the price of a zero coupon bond with $1,000 face value, 8 years to maturity and an annual yield of 3.7%? O $822.88 O $747.77 O $813.96 O $739.67
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