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Peter is renovating his company's headquarters. He recently depleted all his cash reserves on strategic cosmetic upgrades, so he needs to raise additional capital in
Peter is renovating his company's headquarters. He recently depleted all his cash reserves on strategic cosmetic upgrades, so he needs to raise additional capital in order to finance longdelayed maintenance CAPEX on his company's roof. He decides to raise this capital through the issuance of year, zerocoupon bonds. The prevailing effective annual yieldtomaturity on such bonds If Peter issues $ face value of bonds, how much total capital can he raise today?
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