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The Can-Do Company has been entirely an equity based firm that has not had to rely on debt to purchase its needed assets. It decides
The Can-Do Company has been entirely an equity based firm that has not had to rely on debt to purchase its needed assets. It decides to enter into the zero bond market on your suggestion as there will be no interest obligation on the firm. The bond will record the traditional par value for corporate bonds. The bond will also sell at a discounted value in the amount of $786.00 Can-Do can float this bond issue for a period of 6 years What is the associated yield to maturity on this Zero Bond
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