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Ben Kerr is contemplating buying a zero coupon bond that matures in 7 years and has a face value of $17000. If the bond yields

Ben Kerr is contemplating buying a zero coupon bond that matures in 7 years and has a face value of $17000. If the bond yields a return of 4.75% per year, how much should Ben pay for the bond? (Round your answer to 2 decimal places.)

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