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Cyberdyne Systems is issuing a series of zero coupon bonds to raise $ 5 0 0 M to fund research and development at its Skynet

Cyberdyne Systems is issuing a series of zero coupon bonds to raise $500M to fund research and development at its Skynet division. Each bond will have a face value of $1,000 and will mature in 9 years. The yield on the bond is 12.735%. What is the fair price for one of Cyberdynes zero coupon bonds?
Round your answer to the nearest whole dollar.

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