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What would be the price of a zero - coupon bond today if the effective annual interest rate is 4 . 3 4 % ,

What would be the price of a zero

-

coupon bond today if the effective annual interest rate is

4.34 %,

the bond matures in

10

years, and the face value of the bond is $

13, 455 ?

Round your answer to the nearest cent and enter your answer as a positive number.

Type your answer...

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