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Margaret Moore is interested in buying a five-year zero coupon bond witha face value of $1,000.5he understands that the market interest rate for similar imvestments

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Margaret Moore is interested in buying a five-year zero coupon bond witha face value of $1,000.5he understands that the market interest rate for similar imvestments is 8.9 percent. Assume annual coupon payments. What is the current value of this bond? (Round answer to 2 decimal ploces, eg. 15.25. Current value of bond $

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