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A zero coupon bond will mature in 22 years. The face value of the bond is $4,000. If the market yieldto-maturity for this bond is

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A zero coupon bond will mature in 22 years. The face value of the bond is $4,000. If the market yieldto-maturity for this bond is 7.47%, what would be the value of the bond? [Remember, zero-coupon bonds pay no coupon but it is considered semi-annual bond for valuation purposes] (Do NOT use a negative sign to the answer, which should be rounded to 2-decimal places)

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