Question $15,5\mathrm{.}7\mathrm{.}65$

HW Score: $58\mathrm{.}82\%$

A zero$-$coupon bond is a bond that is sold now at a discount and will pay its face value at the time when it matures; no interest payments are made.

How much should a $$10,000$ face value zero$-$coupon bond, maturing in $13$ years, be sold for now if its rate of return is to be $9\mathrm{.}3\%$ compounded annually?

The bond should be sold for $

$($Round to the nearest cent as needed.$)$