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Carta Industries Inc. issued a zero-coupon bond 5 years ago that had a maturity of 35 years. The bond's par value is $1,000, and the
Carta Industries Inc. issued a zero-coupon bond 5 years ago that had a maturity of 35 years. The bond's par value is $1,000, and the current yield on similar bonds is 7.5%. What is the expected price of this bond, using the semiannual convention if it is traded in the secondary market?
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