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A zero coupon does not give any periodic payments and are also known as Zeros. ATA Corporation has a zero coupon bond outstanding with 28

A zero coupon does not give any periodic payments and are also known as Zeros. ATA Corporation has a zero coupon bond outstanding with 28 years left to maturity. Solve for the current market value of this bond. The market rate of interest at this time is 9.25%. Please assume semi-annual compounding.

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