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Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 13 years if the market interest rate is

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Problem 7-12 Zero Coupon Bond Price (LG7-4) Calculate the price of a zero-coupon bond that matures in 13 years if the market interest rate is 5.40 percent. Assume semiannual compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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