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Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate is 6 percent.

Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate is 6 percent. Assume semi-annual interest payments and $1,000 par value. Note: Round your answer to 2 decimal places.
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$1,000.00
$940.00
$623.17
$627.41
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