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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 $M to fund research and development at its Skynet division. Each bond will have a face value of $ and will mature in years. The yield on the bond is What is the fair price for one of Cyberdynes zero coupon bonds?
Round your answer to the nearest whole dollar.
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