A zero-coupon corporate bond with par value $100 is currently yielding 5.10%. The bond's issue date is April 30, 2020, its a maturity date is March 19, 2025 and the settlement date is March 20, 2021. What is the bond's current price? Group of answer choices $100.00 $78.19 $81.97 $81.77

A zero-coupon corporate bond with par value $100 is currently yielding 5.10%. The bond's issue date is April 30, 2020, its a maturity date is March 19, 2025 and the settlement date is March 20, 2021. What is the bond's current price? Group of answer choices $100.00 $78.19 $81.97 $81.77

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6FPE

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Question

Bhupatbhai

A zero-coupon corporate bond with par value $100 is currently yielding 5.10%. The bond's issue date is April 30, 2020, its a
maturity date is March 19, 2025 and the settlement date is March 20, 2021. What is the bond's current price?
Group of answer choices
$100.00
$78.19
$81.97
$81.77

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