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4T Corp. will issue a zero-coupon bond this coming month. The bond's projected yield is 6%. If the par value is $1,200 and the maturity

4T Corp. will issue a zero-coupon bond this coming month. The bond's projected yield is 6%. If the par value is $1,200 and the maturity is 25 years, What is the bond's price using semiannual convention?

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