Question: need it asap Duke Inc. issues a zero-coupon bond that will expire in 22 years, with a face value of $1000 and a yield to

need it asap need it asap Duke Inc. issues a zero-coupon bond that will expire

Duke Inc. issues a zero-coupon bond that will expire in 22 years, with a face value of $1000 and a yield to maturity of 9.5 percent. What should be its price right now? (Retain TWO decimal places, such as 39.98. Do NOT include the dollar sign.)

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