Question: S 0 7 - 0 9 Zero Coupon Bonds [ LO 2 ] You find a zero coupon bond with a par value of $

S07-09 Zero Coupon Bonds [LO2]
You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. If the yield to maturity on this bond is 4.2 percent, what is the dollar price of the bond? Assume semiannual compounding periods.
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Bond price
 S07-09 Zero Coupon Bonds [LO2] You find a zero coupon bond

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