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Cyberdyne Systems is issuing a series of zero coupon bonds to raise $ 5 0 0 M to fund research and development at its Skynet
Cyberdyne Systems is issuing a series of zero coupon bonds to raise $ to fund research and development at its Skynet division. Each bond will have a face value of $ and will mature in years. The yield on the bond is What is the fair price for one of Cyberdyne's zero coupon bonds?
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