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You are considering investing in a10-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 a10-year zero coupon bond that compounds interest semi-annually. The face value of the bond is $1,000. If the current market rate is5.10percent, 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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