Question
Suppose ABC Co. issues $11.61 million of 29 year zero coupon bonds today. If investors require a return of 5.82 percent compounded semiannually and all
Suppose ABC Co. issues $11.61 million of 29 year zero coupon bonds today. If investors require a return of 5.82 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.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
11th edition
77861752, 978-0077861759
