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[See Solution] A zero-coupon bond is a bond that is sold now at a discount and will pay its face value at the time when it matures; no interest payments

Question: A zero-coupon bond is a bond that is sold now at a discount and will pay its face value at the time when it matures; no interest payments are made. A particular zero-coupon bond can be redeemed in 15 years for $10,000. How much should you be willing to pay for it now if you want a return of \(10 \%\) compounded continuously?

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