Rhett purchased a 9?% ?zero-coupon bond with a 20?-year maturity and a ?$15,000 par value, 20 years ago. The bond matures tomorrow. How much will Rhett receive in total from this? investment, assuming all payments are made on these bonds as? expected?
A.) Rhett will receive the last interest payment of ?$1350
b.) Rhett will receive the market price of the? bond, which depends on the market interest rate tomorrow.
C.) Rhett will receive the last interest payment of ?$1350 plus the principal repayment of ?$15,000.
d.) Rhett will receive the ?$15,000 which represents the principal and accrued interest on the bond during its lifetime.