St. Somewhere Hospital issued $20 million in zero-coupon, five-year bonds. How much would the hospital receive in proceeds from the bond issue? a) $6,210,000 b)
St. Somewhere Hospital issued $20 million in zero-coupon, five-year bonds. How much would the hospital receive in proceeds from the bond issue?
a) $6,210,000
b) $15,670,523
c) $18,630,000
d) $12,420,000
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Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
