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A zero coupon bond pays no annual coupon interest payments. When it matures at the end of 9 years it pays out $1,000. If investors
A zero coupon bond pays no annual coupon interest payments. When it matures at the end of 9 years it pays out $1,000. If investors wish to earn 4.65% per year on this bond investment, what is the current price of the bond? (Round to the nearest dollar)
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Accounting Principles
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
8th Edition
0471980196, 9780471980193
