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Suppose ABC Co. issues $24 million of 11-year zero coupon bonds today. If investors require a return of 5.08 percent compounded semiannually and all the

Suppose ABC Co. issues $24 million of 11-year zero coupon bonds today. If investors require a return of 5.08 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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