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Please round properly and answer the question completely. Thanks! Your company wants to raise $8.0 million by issuing 30-year zero-coupon bonds. If the yield to

Please round properly and answer the question completely. Thanks!
Your company wants to raise $8.0 million by issuing 30-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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