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You only invest in zero-coupon bonds. You decided to buy a zero-coupon bond issued by the Italian Treasury that has a yield to maturity of

You only invest in zero-coupon bonds. You decided to buy a zero-coupon bond issued by the Italian Treasury that has a yield to maturity of 9% and a par value of $1,000. If the bond matures in eight years, the bond should sell for a price of _______ today.

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