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Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a
Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM of 5.01 percent and mature in 25 years. If we assume semiannual compounding, at what price will the bonds sell?
- 282.98
- 278.62
- 294.60
- 290.23
- 280.56
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
