Question: I would like to understand how to solve this problem. Thanks! A zero coupon bond has a face value of $1,000 and matures in 4

I would like to understand how to solve this problem. Thanks!

I would like to understand how to solve this problem. Thanks! A

A zero coupon bond has a face value of $1,000 and matures in 4 years. Investors require a(n) 6.3% annual return on these bonds. What should be the selling price of the bond? The price of the bond is $. (Round to the nearest cent)

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