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8 . Exxon Mobil has just issued a zero - coupon bond with 4 years to maturity. The bond has a par value of $

8. Exxon Mobil has just issued a zero-coupon bond with 4 years to maturity. The bond has a par value of $1000. What is the price of the bond if the effective annual yield-to-maturity is 6.96%?
Enter answer in dollars, rounded to the nearest dollar .

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