Problem $7-9$ Zero Coupon Bonds $[$LO$2]$

You find a zero coupon bond with a par value of $$10,000$ and $15$ years to maturity. The

yield to maturity on this bond is $4\mathrm{.}8$ percent. Assume semiannual compounding

periods. What is the dollar price of the bond?$($Do not round intermediate calculations

and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Bond price