what is the value of a 20 year zero coupon bond with a face value of 1
Question
What is the value of a 20-year, zero-coupon bond with a face value of $1,000 when the market required rate of return is 9.6percent, compounded semiannually? $153.30 b. $192.40 c. $168.31 H. $172.19 e. $195.26