Choose the correct answer from followings: Shelly Ltd is planning to expand its business by issuing 15-year zero coupon bonds with a face value of $1,000. If the market interest rate is 8% per annum,...

Choose the correct answer from followings:

Shelly Ltd is planning to expand its business by issuing 15-year zero coupon bonds with a face value of $1,000. If the market interest rate is 8% per annum, compounded semi-annually, what will be the price at which you will be willing to purchase these bonds?