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A 16-year zero coupon bond has face value of $1,000 and yield to maturity of 6.47 percent. Assuming semiannual compounding, what should the bond sell

A 16-year zero coupon bond has face value of $1,000 and yield to maturity of 6.47 percent. Assuming semiannual compounding, what should the bond sell for today?

Group of answer choices

$366.74

$429.37

$361.02

$421.86

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