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Crystal Clear Inc. is undertaking a new investment opportunity and would like to issue bonds to fund the project. The bonds would be 30-year zero-coupon
Crystal Clear Inc. is undertaking a new investment opportunity and would like to issue bonds to fund the project. The bonds would be 30-year zero-coupon bonds with a $1,000 face value, and 100 bonds will be issued. If the bonds are to yield 7%, how much will Crystal Clear receive when the bonds are issued?
A) $13,136.71
B) $14,056.28
C) $12,277.30
D) $10,000.00
E) $11,341.24
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