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You are considering buying 27 zero coupon bonds with a par value of $1000, with 13 years to maturity and a quoted rate of 5.7%

You are considering buying 27 zero coupon bonds with a par value of $1000, with 13 years to maturity and a quoted rate of 5.7% compounded monthly. Assuming no transactions cost, what will your total cost to buy the bonds?

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