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A zero coupon bond has a par value of $1,000 and will mature in 8 years. (a1) Calculate the price of this bond if the

A zero coupon bond has a par value of $1,000 and will mature in 8 years.

(a1)

Calculate the price of this bond if the market yield is 8.35 percent. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 2 decimal places, e.g. 1564.25.)

Bond price

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