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P6-5 Zero Coupon Bond Price Calculate the price of a zero coupon bond (no interest payments) that matures in 15 years if the market interest

P6-5 Zero Coupon Bond Price Calculate the price of a zero coupon bond (no interest payments) that matures in 15 years if the market interest rate is 7.25 percent (most bonds pay interest semi-annually, so unless specified, always use semi- annual compounding).

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