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Your daughter is three years You anticipate that she will start college in 15 years. To pay for college expenses, you will need $50,000, 15

Your daughter is three years You anticipate that she will start college in 15 years. To pay for college expenses, you will need $50,000, 15 years from now. You can buy $1,000 par zero coupon bonds that are currently priced to yield 7.5%. What price would you pay per bond? How much would you pay for 50 bonds?

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