You are purchasing an 11-year, zero-coupon bond. The yield to maturity is 9.71 percent, and the face value is $1,000. What is the current market price? Assume semiannual compounding.

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07-08-2024
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You are purchasing an 11-year, zero-coupon bond. The yield to maturity is 9.71 percent, and the face value is $1,000. What is the current market price? Assume semiannual compounding.

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