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Current Attempt in Progress Ten - year zero coupon bonds issued by the U . S . Treasury have a face value of $ 1

Current Attempt in Progress
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 10.3 percent, what is the value of these
bonds? (Round answer to 2 decimal places, e.g.15.25.)
Value of bond $
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