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Problem 7 - 6 Zero Coupon Bond Price ( LG 7 - 4 ) Calculate the price of a zero - coupon bond that matures

Problem 7-6 Zero Coupon Bond Price (LG7-4)
Calculate the price of a zero-coupon bond that matures in 19 years if the market interest rate is 5.1 percent. Assume semiannual compounding.
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Zero-coupon bond price
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