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Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 14 years if the market interest rate is

Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 14 years if the market interest rate is 5.80 percent. Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Zero-coupon bond price

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