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Acme Inc. plans to issue six-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $1 million for the expansion. If the required

Acme Inc. plans to issue six-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $1 million for the expansion. If the required return on the bonds is 6.0%, how many bonds will the firm have to issue?

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