Find the face value of the 20-year zero-coupon bond at 4.4%, compounded semiannually, with a price of $8,375. $45.000
$53.000

The correct face value will be Option C ($20,000). A further solution id provided below.

Given:

Time,

t = 20 years

Rate,

r = 4.4%

Price

= $8,375

Now,

The yield will be:

=

= (%)

Time will be:

=

=

As we know the formula,

⇒

By substituting the values, we get

The face value will be:

                           ($)

Learn more about face value here:

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above

i need more details sorry

step-by-step explanation: