QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS.

102. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

102. The market value of an 18-year zero-coupon bond with a maturity value of $1,000 discounted

at a 12% annual interest rate with semi-annual compounding is closest to:

A.

$122.74.

B.

$130.04.

C.

$192.86.