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1. A zero coupon bond has a 25-year term and the interest rate is 10%. What is the price of the bond? How many would

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1. A zero coupon bond has a 25-year term and the interest rate is 10%. What is the price of the bond? How many would the company need to sell to raise $5 million. If the company does not buy back any bonds, how much would it be required to pay back at maturity

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