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Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 7 years if the market interest rate is 5.50 percent.

Zero Coupon Bond PriceCalculate the price of a zero coupon bond that matures in 7 years if the market interest rate is 5.50 percent. Assume semi-annual interest payments and $1,000 par value. (Round your answer to 2 decimal places.)

please explain how you got your answer. if finance calculator needed please explain how to do it on excel, if possible

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