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Need help with steps to answer this question. Thank you. Suppose ABC Co. issues $19.86 million of 21 year zero coupon bonds today. If investors
Need help with steps to answer this question. Thank you.
Suppose ABC Co. issues $19.86 million of 21 year zero coupon bonds today. If investors require a return of 4.14 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - je, if you get $50,268,382, you should enter 50.27. Suppose ABC Co. issues $19.86 million of 21 year zero coupon bonds today. If investors require a return of 4.14 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - je, if you get $50,268,382, you should enter 50.27 Step by Step Solution
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