Calculate the price of a zero coupon, $1,000 face value, 5-year bond if the appropriate annual discount
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Question:
Calculate the price of a zero coupon, $1,000 face value, 5-year bond if the appropriate annual discount rate is 12 percent. Calculate your total return if you hold this bond for three years and the discount rate does not change.
Please assist with the proper equation in Excel for this problem.
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