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You are seriously considering an investment in Zero Coupon Bonds. The specific bond you are evaluating has a face value of $1,857 and matures in

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You are seriously considering an investment in Zero Coupon Bonds. The specific bond you are evaluating has a face value of $1,857 and matures in 18 years. What would be the most you should be willing to pay per bond if the appropriate discount rate for this security equals to 11.66% ? Round your answer to the nearest penny

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