Question: Scott, Inc. plans to issue a 10 year zero coupon bond with a face value of 1,000 . If existing yields on zero coupon bonds

Scott, Inc. plans to issue a 10 year zero coupon bond

Scott, Inc. plans to issue a 10 year zero coupon bond with a face value of 1,000 . If existing yields on zero coupon bonds with the same maturity and risk are \4.72, estimate the price of Scott, Inc's zero coupon bond. Round your final answer to two decimals

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