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GE is funding their annual operating expenses for a division using commercial paper zero coupon notes. Assuming $1,000 FV and 5% yield implied in 12mos,
- GE is funding their annual operating expenses for a division using commercial paper zero coupon notes. Assuming $1,000 FV and 5% yield implied in 12mos, what should these bonds sell for today?
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
978-0078025624
