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#3) You are considering investing in a 10-year zero coupon bond that compounds interest semi-annually. The face value of the bond is $1,000. If the

#3) You are considering investing in a 10-year zero coupon bond that compounds interest semi-annually. The face value of the bond is $1,000. If the current market rate is 5.90 percent, what is the maximum price you should have to pay for this bond?

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