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You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 6.85% and the face value is $1,000. What is the current market price?

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You are purchasing a 15-year, zero-coupon bond. The yield to maturity is 6.85% and the face value is $1,000. What is the current market price? Assume semiannual compounding

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