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The total face value amount of bonds that you must issue is $ (Round to the nearest cent.) Your company wants to raise $7.0 million

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The total face value amount of bonds that you must issue is $ (Round to the nearest cent.)

Your company wants to raise $7.0 million by issuing 15-year zero-coupon bonds. If the yield to maturity on the bonds will be 7% (annual compounded APR), what total face value amount of bonds must you issue? The total face value amount of bonds that you must issue is $11. (Round to the nearest cent.)

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