Find zero coupon bond-what is the price of the bond

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Reference no: EM131875293

You find a zero coupon bond with a par value of $15,000 and 15 years to maturity.

If the yield to maturity on this bond is 5.3 percent, what is the price of the bond? Assume semiannual compounding periods. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Bond price $

Reference no: EM131875293

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