Zero coupon bonds in the u.s. with a face value

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Europe Clothes Co. is planning to fund a project by issuing 10-year zero coupon bonds in the U.S. with a face value of $1,000 (USD). Assuming annual coupons to be the norm, what will be the price of these bonds if the appropriate discount rate is 14 percent? (Round to the closest answer.)

Reference no: EM131057045

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