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Marco Chip, Inc. just issued zero - coupon bonds with a par value of $ 1 , 0 0 0 . The bond has a
Marco Chip, Inc. just issued zerocoupon bonds with a par value of $ The bond has a maturity of years and a yield to maturity of percent, compounded semiannually. What is the current price of the bond?
Round the answer to two decimal places
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