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You find a zero coupon bond with a par value of $ 1 0 , 0 0 0 and 1 6 years to maturity. The

You find a zero coupon bond with a par value of $10,000 and 16 years to maturity. The yield to maturity on this bond is 5.3 percent.
Assume semiannual compounding periods. What is the price of the bond?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Price

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