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A Treasury STRIP is a zero-coupon US Treasury bond. If the STRIP's yield-to-maturity is 4.7%, par value is $1,000, and 18 years remain until maturity,
A Treasury STRIP is a zero-coupon US Treasury bond. If the STRIP's yield-to-maturity is 4.7%, par value is $1,000, and 18 years remain until maturity, what is the bond's price today? Use a semi-annual compounding period in your calculations. Enter your answer as a positive number rounded to the nearest penny
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