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What is the current price of the bond

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3 years ago, Maxi Min Inc. issued 30 year to maturity zero-coupon bonds with a par value of $1,000. Now the bond has a yield to maturity of 9.21 percent, compounded semi-annually. What is the current price of the bond?

Round the answer to two decimal places. (Show work)

Reference no: EM131402217

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