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Acme Inc. plans to issue 30-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $1.5 million for the expansion. If the required
Acme Inc. plans to issue 30-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $1.5 million for the expansion. If the required return on the bonds is 12%, how many bonds will the firm have to issue? 49.482 49.980 50.464 48 304 52.046
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