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What is the price of a 20-year, zero coupon bond paying $1,000 at maturity, assuming semiannual compounding, if the YTM is 6 percent? Hint: A

What is the price of a 20-year, zero coupon bond paying $1,000 at maturity, assuming semiannual compounding, if the YTM is 6 percent? Hint: A zero coupon bond only has one payment that occurs at maturity)

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