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Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 25 years and a yield to

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Black Water Corp. just issued zero-coupon bonds with a par value of $1,000. The bond 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? Round the answer to two decimal places. All the work has to be shown

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