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Rally Ltd is planning to expand its specialty stores into five other states and finance the expansion by issuing 15-year zero coupon bonds with a
Rally Ltd is planning to expand its specialty stores into five other states and finance the expansion by issuing 15-year zero coupon bonds with a face value of $1,000. If the yield is 6 percent and if similar coupon-bearing bonds pay coupons semiannually, what will be the price at which you will be willing to purchase these bonds?
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