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Juan is contemplating buying a zero coupon bond that matures in 18 years and has a face value of $50,000. If the bond yields a

Juan is contemplating buying a zero coupon bond that matures in 18 years and has a face value of $50,000. If the bond yields a return of 6.25%/year, how much should Juan pay for the bond? (Round your answer to the nearest cent.) $

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