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A zero-coupon bond is a bond that doesnt pay periodic coupons; it only pays the face value at maturity. A $1,000 par zero coupon bond

A zero-coupon bond is a bond that doesnt pay periodic coupons; it only pays the face value at maturity. A $1,000 par zero coupon bond matures in 6 years. If comparable bonds have a YTM of 7%, what should be its quoted price?

(Round to the nearest hundredth and do not enter a dollar or percent sign)

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