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This bond's indenture permits this bond's coupon payments and face value at maturity to be split and sold separately to different investors as a coupon

This bond's indenture permits this bond's coupon payments and face value at maturity to be split and sold separately to different investors as a coupon only (strip bond) and a zero coupon bond respectively. Part B: A pension fund is interested in purchasing the zero coupon bond. What is the maximum amount the fund should pay if they have a required annual yield of 5% compounded semi-annually

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