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mework Question 2, P 6-3 (similar to) HW Score: 0%, 0 of 13 points Points: 0 of 1 Save Your company wants to raise

mework Question 2, P 6-3 (similar to) HW Score: 0%, 0 of 13 points Points: 0 of 1 Save Your company wants to raise $8.5 million by issuing 15-year zero-coupon bonds. If the yield to maturity on the bonds will be 8% (annual compounded APR), what total face value amount of bonds must you issue? The total face value amount of bonds that you must issue is $ (Round to the nearest cent.)

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