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A zero coupon bond has a term to maturity of 18 years, a par value of $1,000. Yields or comparable market rates for this bond
A zero coupon bond has a term to maturity of 18 years, a par value of $1,000. Yields or comparable market rates for this bond are 8.9%. Based on this information what is the value or price of the bond? Show 2 decimals, for example: $999.99
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