Consider a zero-coupon bond with a $1000 face value and ten years left until maturity.If the YTM of this bond is 10.4%,then the price of this bond is closest to:
A) $1000
B) $602
C) $1040
D) $372
Correct Answer:
Verified
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Q18: Q19: Why is the yield to maturity of Q21: Use the figure for the question(s)below. Q21: Which of the following risk-free, zero-coupon bonds Q23: Under what situation can a zero-coupon bond Q24: Which of the following statements is FALSE? Q26: Use the figure for the question(s)below. Q27: Use the figure for the question(s)below. 
A)Zero-coupon
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