Question: You find a zero - coupon bond ( a bond with no coupon payments ) with a par value of $ 1 0 , 0

You find a zero-coupon bond (a bond with no coupon payments) with a par value of $10,000 and 13 years to maturity.
If the yield to maturity on this bond is 4.5 percent, what is the dollar price of the bond? Assume semiannual compounding periods.

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