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A corporation recently sold zero-coupon $1200 bonds maturing in 2 years with an annual yield of 11%. Find the price. (Hint: The price is

A corporation recently sold zero-coupon $1200 bonds maturing in 2 years with an annual yield of 11%. Find the price. (Hint: The price is the present value of $1200 2 years from now at the stated interest rate.] (Round your answer to the nearest cent.) Need Help? Read It Watch it

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