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A zero-coupon bond with a face value of $3000 and a 2.5% interest rate (compounded semiannually) will mature in 9 years. What is a
A zero-coupon bond with a face value of $3000 and a 2.5% interest rate (compounded semiannually) will mature in 9 years. What is a fair price to pay for the zero-coupon bond today? A fair price to buy the band at would be $ (Do not round until the final answer. Then mound to the nearest cent as needed.)
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