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A company is planning to issue 7-year zero coupon bonds with a face value of $1,000. If the market yield is 4.4 percent p.a. and

A company is planning to issue 7-year zero coupon bonds with a face value of $1,000. If the market yield is 4.4 percent p.a. and similar coupon-bearing bonds will pay semiannually, what will be the price of these bonds? (Round to the nearest cent; do not use $ sign or commas eg $600.098 is shown 600.10)

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