What is the price the seller expects for the bonds

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You are considering the purchase of a Zero Coupon Bond. This bond has a coupon rate of 0%, a face value of $1000 and a 7-year maturity. The seller is offering the bonds at a YTM of 7%. What is the price the seller expects for the bonds? Assume annual compounding. (Answer in dollars accurate to 2 decimal points)

Reference no: EM132666765

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