Question
Arias del Rio Inc just issued $2.5 million zero-coupon bonds due in 20 years. The bonds were issued at a yield to maturity of 6.80%.
Arias del Rio Inc just issued $2.5 million zero-coupon bonds due in 20 years. The bonds were issued at a yield to maturity of 6.80%. The amount received by Arias del Rio is closest to:
| A. | $1,280,941 | |
| B. | $670,679 | |
| C. | $656,324 |
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
