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14) (4 pts) BBB company just issued 150,000 zero coupon bonds. These bonds mature in 10 years, have a par value of $1000 and have

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14) (4 pts) BBB company just issued 150,000 zero coupon bonds. These bonds mature in 10 years, have a par value of $1000 and have a yield to maturity of 5.0%, what is the approximate total amount of money the company raised from issuing these bonds? (assume semi-annual compounding) 15) (3 pts) CCC Company needs to raise $40 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds with a par value of $1000 that mature in 15 years. The market yield on similar bonds is 5.0%. How many bonds must CCC sell to raise the money it needs? (assume semi-annual compounding)

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