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Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 5 years if the market interest rate is 8.50 percent.

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Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 5 years if the market interest rate is 8.50 percent. Assume semi-annual interest payments and $1,000 par value. (Round your answer to 2 decimal places.) Multiple Choice $915.00 $659.54 $1,000.00 $665.05

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