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8 Tillicum Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 25-year zero-coupon bonds to raise the money.
8 Tillicum Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 25-year zero-coupon bonds to raise the money. The required return on the bonds will be 7%. 5 points eBook Print References What will these bonds sell for at issuance? (Round the final answer to 2 decimal places. Omit $ sign in your response.) Issue price $
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