A firm offers to sell a zero-coupon bond (no semi-annual payments) to you today. When it matures in 5 years you will receive the par value of $10,000. If the firm pays interest at 15% compounded...

A firm offers to sell a zero-coupon bond (no semi-annual payments) to you today. When it matures in 5 years you will receive the par value of $10,000. If the firm pays interest at 15% compounded continuously on the bond how much would you pay for it today? (a) $4724 (b) $4972 (c) $10,000 (d) $21,170