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What is the price of $1000 face-value one year zero coupon discount bond that offers 1.5% yield? a.$992.3 b.$1001.5 c.$998.5 d.$985.2?

What is the price of $1000 face-value one year zero coupon discount bond that offers 1.5% yield? a.$992.3 b.$1001.5 c.$998.5 d.$985.2?
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What is the price of $1000 face-value one year zero coupon discount bond that offers 1.5% yield?

a.$992.3
b.$1001.5
c.$998.5
d.$985.2?

User Alper
by
8.5k points

1 Answer

7 votes
D.985.2 is the correct answer
User Vkulkarni
by
8.2k points
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