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A zero coupon bond has a face value of $1,000 and matures in 5 years. Investors require a(n) 7.4% annual return on these bonds. What

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A zero coupon bond has a face value of $1,000 and matures in 5 years. Investors require a(n) 7.4% 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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