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A corporation recently sold zero-coupon $1000 bonds maturing in 3 years with an annual yield of 5%. Find the price. [Hint: The price is

A corporation recently sold zero-coupon $1000 bonds maturing in 3 years with an annual yield of 5%. Find the price. [Hint: The price is the present value of $1000 3 years from now at the stated interest rate.] (Round your answer to the nearest cent.) $ Submit Answer

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