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A company wishes to raise $30 million through the sale of a zero-coupon bond issue, in which the bonds will have a maturity of 10
A company wishes to raise $30 million through the sale of a zero-coupon bond issue, in which the bonds will have a maturity of 10 years and a face value of $10,000 per bond. If the yield on these bonds are 5.5%, how many of these bonds will the company have to sell today, to raise the full $30 million? (Round up to the next whole number.)
5125
5855
3165
3,000
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