[Answer] 48. A zero-coupon bond has a yield to maturity of 9% and a par value of $1 000. If the bond matures in 8 years the bond should sell for a price of _______ today. A. 422.41B. $501.87C. $513.16D. $483.49E. None of these is correct.
Answer: B. $501.87
48. A zero-coupon bond has a yield to maturity of 9% and a par value of $1 000. If the bond matures in 8 years the bo…