Europe clothes co is planning to fund a project by issuing, Finance Basics

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Europe clothes co is planning to fund a project by issuing

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.)

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