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Happy Feet Industries Inc. is issuing a zero-coupon bond that will have a maturity of 20 years. The bond's par value is $5.000, and the

Happy Feet Industries Inc. is issuing a zero-coupon bond that will have a maturity of 20 years. The bond's par value is $5.000, and the current yield on similar bonds is 8%. What is the expected price of this bond (compounded quarterly)?

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