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Problem 7-11 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero coupon bond that matures in 24 years if the market interest rate

Problem 7-11 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero coupon bond that matures in 24 years if the market interest rate is 4.9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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