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Togo & Balto LTD just issued $2.5 million zero-coupon bonds due in 12 years. The bonds were issued at a yield to maturity of 6.80%.

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Togo & Balto LTD just issued $2.5 million zero-coupon bonds due in 12 years. The bonds were issued at a yield to maturity of 6.80%. The amount received by T&B is closest to: A. $1,120,591. B. $1,135,233 O C. $1,673,761

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