Question
Tina is planning to expand its specialty stores into 5 other states and finance the expansion by issuing 30 year zero coupon bonds with a
Tina is planning to expand its specialty stores into 5 other states and finance the expansion by issuing 30 year zero coupon bonds with a face value of $1,000. If your opportunity cost is 4.3% and a similar coupon-bearing bonds will pay semiannually, what will be the price at which you will be willing to purchase these bonds? (Round to nearest dollar)
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
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