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Company wants to raise 5,000,000 by issuing 10 year zero coupon bonds with a maturity redemption value of $1000. If the yield to maturity for

Company wants to raise 5,000,000 by issuing 10 year zero coupon bonds with a maturity redemption value of $1000. If the yield to maturity for the bonds is 7.5%

Calculate, the price of the bonds ? how many bonds they need to issue?

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