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A zero coupon bond has a face value of $1000 and matures in 4 years. Investors require a(n) 6.5 % annual return on these bonds.

A zero coupon bond has a face value of $1000 and matures in 4 years. Investors require a(n) 6.5 % annual return on these bonds. What should be the selling price of the bond? The price of the bond is $ . (Round to the nearest cent).

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