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CH8 Q15 Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000, and interest is compounded semiannually, If similar bonds

CH8 Q15
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Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000, and interest is compounded semiannually, If similar bonds in the market yield 8.4 percent, what is the value of these bonds? (Round answer to 2 decimal places, es. 15.25) Value of bond

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