Question: To fund a project, a company will issue 4-year zero coupon bonds with a face value of $1,000. Assuming annual coupons to be the norm

 To fund a project, a company will issue 4-year zero coupon

To fund a project, a company will issue 4-year zero coupon bonds with a face value of $1,000. Assuming annual coupons to be the norm what will be the price of these bonds if the appropriate yield is 79 percent p.a.7 (Round to the nearest dollar, do not use $ sign or commas)

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