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There are zero coupon bonds outstanding that have a YTM of 5.31 percent and mature in 18 years. The bonds have a par value of

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There are zero coupon bonds outstanding that have a YTM of 5.31 percent and mature in 18 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds? Multiple Choice $3,940.46 $3,893.28 $3,737.55 $3,795.95 $3,763.51

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