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ABC company issuedzero-coupon bonds with a par value of $1000. Thebond has a maturity of 25 years and a yield to maturity of 8.29 percent,

ABC company issuedzero-coupon bonds with a par value of $1000. Thebond has a maturity of 25 years and a yield to maturity of 8.29 percent, compounded semi annually.

What is the current price of the bond?

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