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    Market value of a bond

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    A 14-year zero-coupon bond was issued with a $1000 par value to yield 12%. What is the approximate market value of the bond?
    $597
    $205
    $275
    $482

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    https://brainmass.com/business/bond-valuation/market-value-of-a-bond-211929

    Solution Summary

    The solution explains how to calculate the market value of a bond

    $2.19

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