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Calculate the price of a zero - coupon bond that matures in 1 3 years if the market interest rate is 5 . 4 0

Calculate the price of a zero

-

coupon bond that matures in

13

years if the market interest rate is

5.40

percent. Assume semiannual compounding.

(

Do not round intermediate calculations and round your final answer to

2

decimal places.

)

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