Choose the correct answer from followings:   Shelly Ltd is planning to expand its business by issuing 15-year zero coupon bonds with a face value of $1,000. If the market interest rate is 8% per annum, compounded semi-annually, what will be the price at which you will be willing to purchase these bonds?   a. $866 b. $308 c. $558 d. $803

Personal Finance
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ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
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Choose the correct answer from followings:
 
Shelly Ltd is planning to expand its business by issuing 15-year zero coupon bonds with a face value of $1,000. If the market interest rate is 8% per annum, compounded semi-annually, what will be the price at which you will be willing to purchase these bonds?
 
a.
$866
b.
$308
c.
$558
d.
$803
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