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What is a fair purchase price for a zero-coupon bond with 10 years to maturity, a face value of $13,000, and a yield-tomaturity of 3.21%
What is a fair purchase price for a zero-coupon bond with 10 years to maturity, a face value of $13,000, and a yield-tomaturity of 3.21% ? (Answer to the nearest $0.01 )
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