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You find a zero coupon bond with a par value of $20,000 and 16 years to maturity. If the yield to maturity on this bond

You find a zero coupon bond with a par value of $20,000 and 16 years to maturity.

If the yield to maturity on this bond is 5.4 percent, what is the price of the bond? Assume semiannual compounding periods.

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