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ABC wants to issue 10-year, zero coupon bonds that yield 9.93 percent. What price should they charge for these bonds if they have a par

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ABC wants to issue 10-year, zero coupon bonds that yield 9.93 percent. What price should they charge for these bonds if they have a par value of S1,000? That is, solve for PV. Assume annual compounding. Hint: zero coupon bonds means PMT 0

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