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Black Water Corp. just issued zero - coupon bonds with a par value of $ 1 , 0 0 0 . The bond has a

Black Water Corp. just issued zero

-

coupon bonds with a par value of $

1, 000 .

The bond has a maturity of

20

years and a yield to maturity of

7.26

percent, compounded annually. What is the current price of the bond?

Round the answer to two decimal places.

Your Answer:

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