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The ABC Corporation will issue a zero-coupon bond this coming month. The projected yield-to-maturity is 3% . This this is a $1,000 par value bond,

The ABC Corporation will issue a zero-coupon bond this coming month. The projected yield-to-maturity is 3%. This this is a $1,000 par value bond, What is the bond's price using an annual coupon convention if the maturity is 25 years?

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