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What is the price of a zero-coupon bond with $1,000 face value, 1 year to maturity, and 2.5% yield to maturity? (Round to nearest $1.)

What is the price of a zero-coupon bond with $1,000 face value, 1 year to maturity, and 2.5% yield to maturity? (Round to nearest $1.)

a. $895

b. $976

c. $1024

d. $1158

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