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What is the price of a zero-coupon ($1,000 par value) bond that matures in 20 years has a promised yield of 9.5%? The bond's price

What is the price of a zero-coupon ($1,000 par value) bond that matures in 20 years has a promised yield of 9.5%?

The bond's price is $ . (Round to the nearest cent.)

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