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Navarro, Inc, plans to issue new zero coupon bonds with a par value of $1000 to fund a new project. The bond will have a

Navarro, Inc, plans to issue new zero coupon bonds with a par value of $1000 to fund a new project. The bond will have a YTM of 5.79 percent and mature in 30 years. If we assume semiannual compounding, at what price will the bonds sell?

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