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TB MC Qu. 7-10 Zero Coupon Bond Price Calculate the price of a zero coupon bond... Zero Coupon Bond Price Calculate the price of

TB MC Qu. 7-10 Zero Coupon Bond Price Calculate the price of a zero coupon bond... Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 7 years if the market interest rate is 6.50 percent. Assume semi- annual interest payments and $1,000 par value. (Round your answer to 2 decimal places.)

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