Question: Donna Clark is interested in buying a five - year zero coupon bond with a face value of $ 1 , 0 0 0 .

Donna Clark is interested in buying a five-year zero coupon bond
with a face value of $1,000. She understands that the market
interest rate for similar investments is 8.8 percent. Assume annual
coupon payments. What is the current value of this bond? (Round
answer to 2 decimal places, e.g.15.25.) Current value of bond

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