The bailey brothers want to issue 20-year zero coupon bonds

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The Bailey Brothers want to issue 20-year, zero coupon bonds thatyield 9 percent. What price should it charge for these bonds if theface value is $1,000?

a. $157.25

b. $163.70

c. $171.93

d. $194.49

e. $202.64

Reference no: EM13573587

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