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Question 7 Not yet answered Marked out of 2.50 P Flag question Three years ago, Microsoft Ltd issued a 11-year zero coupon $1000 bond that

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Question 7 Not yet answered Marked out of 2.50 P Flag question Three years ago, Microsoft Ltd issued a 11-year zero coupon $1000 bond that has an annual yield of 9.1%. Assuming semi-annual compounding, what is the current price of the bond? Please round your answer to two decimal places (i.e. 470.02) but exclude the S sign when typing your answer.)

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