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Two years ago, the Nine - Inch Nails Company issues a $ 1 , 0 0 0 face value, 1 8 - year zero coupon

Two years ago, the Nine

-

Inch Nails Company issues a $

1, 000

face value,

18 -

year zero coupon bond, with

3.83

yield to maturity. Assuming no change in YT

,

,

what is the current price of the bond?

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