Question: 8. A zero coupon bond is one which does not pay a coupon and only makes a single payment of principal at maturity. What value

8. A zero coupon bond is one which does not pay a coupon and only makes a single payment of principal at maturity. What value would you be willing to pay for a zero coupon bond which pays $1,000 at maturity in 15 years at 3% interest?

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