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Cullumber Real Estate Company management is planning to find a development project by issuing 10 year zero coupon bonds with a face value of $1,000.

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Cullumber Real Estate Company management is planning to find a development project by issuing 10 year zero coupon bonds with a face value of $1,000. Assurning semiannual compounding what will be the price of these bonds if the appropriate discount rate is 11.2 percent? (Round answer to 2 decimal places, eg. 15.25) Price of the bond

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