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Company RDM has a $ 1 5 Million liability that will be occurring in exactly 3 years and RDM wants to set aside an amount
Company RDM has a $ Million liability that will be occurring in exactly years and RDM wants to set aside an amount so that the $ Million is available in years. RDM purchases a ZeroCoupon Bond with a year maturity. Current interest rates for this type of bond are
a How much does RDM have to invest now to purchase this bond? Point
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