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Your company wants to raise $ 1 0 . 5 million by issuing 2 0 - year zero - coupon bonds. If will be 8

Your company wants to raise $10.5 million by issuing 20-year zero-coupon bonds. If will be 8%(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 $ (Round to the nearest cent.)
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