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You are considering investing in a 10-year zero coupon bond that compounds interest semiannually. The face value of bond is $1,000. If the current market

You are considering investing in a 10-year zero coupon bond that compounds interest semiannually. The face value of bond is $1,000. If the current market rate is 5.90 percent, what is the maximum price you should have to pay for this bond?(Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 52.75.)

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