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What is the value of a 7 year bond that makes no coupon payments (0-coupon) with a yield to maturity (quoted rate) of 5.6 %

What is the value of a 7 year bond that makes no coupon payments (0-coupon) with a yield to maturity (quoted rate) of 5.6 % and a maturity value of $1000? Note, I know the question says bond, but it actually is a simple present-value problem. Calculate your answer to the nearest $.01. Enter your answer as a positive number.

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