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A zero coupon bond has a par value of RM1,000 and matures in 20 years. Investors require a 10% annual return on these bonds. For

A zero coupon bond has a par value of RM1,000 and matures in 20 years. Investors require a 10% annual return on these bonds. For what price should the bond sell? (note, zero coupon bonds do not pay any interest)?

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