RC Inc.just issued zero-coupon bonds with a par value of $1,000.If the bond has a maturity of 15 years and a yield to maturity of 10%,what is the current price of the bond if it is priced in the conventional manner?
A) $1,000
B) $239.39
C) $231.38
D) This question cannot be answered because the coupon payment information is missing.
Correct Answer:
Verified
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