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&J Enterprises wants to issue eighty 15-year, $1,000 zero-coupon bonds. If each bond is priced to yield 9%, how much will J&J receive (ignoring issuance
&J Enterprises wants to issue eighty 15-year, $1,000 zero-coupon bonds. If each bond is priced to yield 9%, how much will J&J receive (ignoring issuance costs) when the bonds are first sold?
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
