A 15-year zero-coupon bond was issued with a $1,000 par value to yield 8%. What is the approximate market value of the bond?
A)$597
B)$315
C)$275
D)$482

Name: A 15-year zero-coupon bond was issued with a $1,000 par value to yield 8%. What is the approximate market value of the bond? A)$597 B)$315 C)$275 D)$482
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The Answer of A 15-year zero-coupon bond was issued with a $1,000 par value to yield 8%. What is the approximate market value of the bond?
A)$597
B)$315
C)$275
D)$482

A 15-Year Zero-Coupon Bond Was Issued with a $1,000 Par