Question: You could purchase a zero coupon bond that has a maturity value of $ 25,000 and earns a current market rate of 3 percent. If

You could purchase a zero bond that has a value of $ 25,000 and earns a current market rate of 3 percent. If the bond matures in 10 years and we assume semiannual compounding, what is the bond worth today?
A. Solve using a spreadsheet program such as Excel.
B. Solve using a financial calculator.

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