Suppose you purchase a zero coupon bond with face value $1,000, maturing in 20 years, for $214.51. If the yield to maturity on the bond remains unchanged, what will the price of the bond be
five years from now?
A) $315.20
B) $387.52
C) $410.91
D) $680.58
E) $1,000.00
Correct Answer:
Verified
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