Solved A zero-coupon bond with a face value of $8000 and a 5.3% interest rate compounded semiannually) will mature in 18 years.

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A zero-coupon bond with a face value of $8000 and a 5.3% interest rate compounded semiannually) will mature in 18 years. What is a fair price to pay for the zero-coupon bond today? A fair price to buy the bond at would be $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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Solved A zero-coupon bond with a face value of $8000 and a 5.3% interest rate compounded semiannually) will mature in 18 years.

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