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Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000 The bond has a maturity of 15 years and a yield to

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Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000 The bond has a maturity of 15 years and a yield to maturity of 8.04 percent, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places. Your Answer Answer Save Next Page Page 1 of 4

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