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Kimberly Young is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for
Kimberly Young is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 10.2 percent. Assume annual coupon payments.What is the currentvalue of this bond?
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