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A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time in the

A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time in the future when it matures-no interest payments are made.
A zero coupon bond with a face value of $12,000 matures in 20 years. What should the bond be sold for now if its rate of return is to be 5.6% compounded semiannually?
A fair price to buy the bond at would be $ (Round to the nearest cent as needed.)

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