Question: You are purchasing a 1 9 - year, zero coupon bond. The yield to maturity is 6 . 1 4 percent and the face value

You are purchasing a 19-year, zerocoupon bond. The yield to maturity is 6.14 percent and the face value is $1,000. What is the current market price? Assume semiannual compounding. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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