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Question: How much should be paid for the bond? A zero-coupon bond (coupon rate = 0%) has a face value of $10,000 and a maturity

Question: How much should be paid for the bond?

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A zero-coupon bond (coupon rate = 0%) has a face value of $10,000 and a maturity date in 5 years. The current market interest rate is a nominal 6%, com- pounded quarterly. How much should be paid for the bond

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