bjorn99701 bjorn99701

15-02-2024
Business

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What is the fair purchase price of a zero-coupon bond with 14 years to maturity, a face value of $6,000, and a yield-to-maturity of 7.34%? Round your answer to the nearest cent.

A) $5,999.99
B) $6,000.01
C) $6,500.00
D) $7,000.00

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