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:. A zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated

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:. A zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If stated interest rates are 8% annually (with monthly compounding) how much would you pay today for a zero-coupon bond with a face value of $2,500 that matures in 6 years? Please round your answer to the nearest hundredth

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