Question: You find a zero coupon bond with a par value of $5,000 and 20 years to maturity. If the yield to maturity on this bond

You find a zero coupon bond with a par value of $5,000 and 20 years to maturity.

If the yield to maturity on this bond is 4.6 percent, what is the dollar price of the bond? Assume semiannual compounding periods.

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