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

You are considering investing in a 10-year zero-coupon bond that compounds interest semi-annually. The face value of the bond is $1,000. If the current market rate is 5.05 percent, what is the maximum price you should have to pay for this bond?

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