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Your company wants to raise $10.5 million by issuing 20-year zero-coupon bonds. If the yield to maturity on the bonds will be 7% (annual
Your company wants to raise $10.5 million by issuing 20-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 $ nearest cent.) (Round to the
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
