Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000

$1.49 Excluding Tax

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QUESTION:

Ten-year zero-coupon bonds issued by the U.S. Treasury have a face value of $1,000 and interest is compounded semiannually. If similar bonds in the market yield 10.5 percent, what is the value of these bonds?


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