4. [Zero-coupon bonds] The Null Company issued a zero- coupon bond on January 1. 2000, due December...

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4. [Zero-coupon bonds] The Null Company issued a zero- coupon bond on January 1. 2000, due December 31, 2004 The face value of the bond was $100,000. The bond was issued at an effective rate of 12% (compounded annually).

a. Calculate the cash proceeds of the bond issue.

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The Analysis And Use Of Financial Statements

ISBN: 9780471375944

3rd Edition

Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried

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Question Posted: Jul 29, 2024 09:02 AM

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4. [Zero-coupon bonds] The Null Company issued a zero- coupon bond on January 1. 2000, due December...

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The Analysis And Use Of Financial Statements

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