ars could be purchased today, when market interest rates are 4.5 percent. How much would you have to pay to buy the bond? You could purchase a zero-coupon bond that has a maturity value of $25,000 and...

ars could be purchased today, when market interest rates are 4.5 percent. How much would you have to pay to buy the bond?

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 the bond matures in 10 years and we assume semiannual compounding, what is the bond worth today?