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Blossom Corp., a U.S. company, has a five-year bond whose yield to maturity is 6.6 percent (assume semiannual compounding). The bond has no coupon payments.
Blossom Corp., a U.S. company, has a five-year bond whose yield to maturity is 6.6 percent (assume semiannual compounding). The bond has no coupon payments. What is the price of this zero coupon bond? (Round answer to 2 decimal places, eg. 5,275.25.) Price of zero coupon bond $
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