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A company looking to raise $6,000,000 to finance a project is considering issuing 25-year zero-coupon bonds with a face value of $1,000. What price will

A company looking to raise $6,000,000 to finance a project is considering issuing 25-year zero-coupon bonds with a face value of $1,000. What price will the bonds sell for when issued if investors require a return of 4.75% on these bonds?

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