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Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000, and interest is compounded semiannually. If similar bonds in the

image text in transcribed Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000, and interest is compounded semiannually. If similar bonds in the market yield 8.2 percent, what is the value of these bonds? (Round answer to 2 decimal places, e.g. 15.25.) Value of bond $

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