What the price at which you willing to purchase these bonds

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Question - 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. $308

b. $558

c. $803

d. $866

Reference no: EM133000453

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