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Please use the detailed process to answer each part of this question and I will submit them soon, thanks for your help! Assume a $1,000
Please use the detailed process to answer each part of this question and I will submit them soon, thanks for your help! Assume a $1,000 face value, zero-coupon bond has 10 years remaining to maturity. The bond is currently priced to yield 6%, compounded semi-annually. What is the value of this bond? Present your answer as a whole number to two decimals (including the $ symbol), e.g. $987.65 (25\% marks will be deducted if the 5 symbol is not provided)
Please use the detailed process to answer each part of this question and I will submit them soon, thanks for your help!
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