Consider a five- year zero- coupon bond which has face value of $500,000 and a yield of 5% compounded semi- annually. The purchase price is:
A) $375,604.
B) $390,599.
C) $398,221.
D) $354,459.

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The Answer of Consider a five- year zero- coupon bond which has face value of $500,000 and a yield of 5% compounded semi- annually. The purchase price is:
A) $375,604.
B) $390,599.
C) $398,221.
D) $354,459.

Consider a Five- Year Zero- Coupon Bond Which Has Face