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Patricia Johnson is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for

Patricia Johnson is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 8.1 percent. Assume annual coupon payments. What is the current value of this bond? (round answer to 2 decimal places)

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