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Company has outstanding issue of zero - coupon bond with par value of 5 0 , 0 0 0 . The bond was issued 2

Company has outstanding issue of zero

-

coupon bond with par value of

50, 000 .

The bond was issued

20

years ago and has

8

years to maturity.

What is the current value of the bond assuming

17

percent rate of return?

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