Question: 5 pts D Question 1 The face value for a zero coupon bond is $100,000, and the zero matures in 17 years. Suppose that the
5 pts D Question 1 The face value for a zero coupon bond is $100,000, and the zero matures in 17 years. Suppose that the appropriate discqunt rate is 4% per year with annual compounding. What is the present value of the bond's face value? Equivalently, what price are we willing to pay for this bond? Do not round at intermediate steps in your calculation. Round your final answer to the nearest penny. Enter your answer without the $ symbol
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