What would be the current market price of these bonds

Reference no: EM13268114

A client has expressed interest in a ten-year zero coupon bonds with a face value of $1,000. His opportunity cost is 7 percent. Assuming annual compounding, what would be the current market price of these bonds? Round to the nearest dollar.

$ 508

$ 51

$ 700

$ 1,000

Reference no: EM13268114

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