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You are considering a zero-coupon bond with a face value of $1000 and 12 years to maturity. If you can earn a 6.98% return (annual

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You are considering a zero-coupon bond with a face value of $1000 and 12 years to maturity. If you can earn a 6.98% return (annual compounding) on similar bonds, what price are you willing to pay for this bond? Show your answer in dollars and cents. Do not include the $ sign

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