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What is the fair price

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Reference no: EM132777656

Question - Cyberdyne Systems is issuing a series of zero coupon bonds to raise? $500M to fund research and development at its Skynet division. Each bond will have a face value of ?$1,000 and will mature in 28 years. The yield on the bond is 6?%. What is the fair price for one of? Cyberdyne's zero coupon? bonds?

Reference no: EM132777656

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