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2. A Delta Corporation zero-coupon bond will mature in twelve years. At maturity it will pay the bondholder $1,000. Assume a required yield of 6.5%.

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2. A Delta Corporation zero-coupon bond will mature in twelve years. At maturity it will pay the bondholder $1,000. Assume a required yield of 6.5%. Find the current value of this bond. Show your work

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