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Assuming semiannual compounding, what is the price of a zero coupon bond with 21 years to maturity paying $1,000 at maturity if the YTM is:
Assuming semiannual compounding, what is the price of a zero coupon bond with 21 years to maturity paying $1,000 at maturity if the YTM is:
a. 6%
b. 9%
c. 12%
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