Question: Marco Chip, Inc. just issued zero - coupon bonds with a par value of $ 1 , 0 0 0 . The bond has a

Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 19 years and a yield to maturity of 8.05 percent, compounded semi-annually. What is the current price of the bond?
Round the answer to two decimal places.

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