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Navarro, Inc., plans to issue new zero coupon bonds with a par value of $ 1 , 0 0 0 to fund a new project.

Navarro, Inc., plans to issue new zero coupon bonds with a par
value of $1,000 to fund a new project. The bonds will have a YTM of
4.89 percent and mature in 15 years. If we assume semiannual
compounding, at what price will the bonds sell

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