Question
Suppose ABC Co. issues $17.75 million of 17 year zero coupon bonds today. If investors require a return of 5.49 percent compounded semiannually and all
Suppose ABC Co. issues $17.75 million of 17 year zero coupon bonds today. If investors require a return of 5.49 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 - ie, if you get $50,268,382, you should enter 50.27.
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
