Question
Your company wants to raise $ 10.5 million by issuing 30 -year zero-coupon bonds. If the yield to maturity on the bonds will be 6%
Your company wants to raise $10.5 million by issuing 30-year zero-coupon bonds. If the yield to maturity on the bonds will be 6% (annual compounded APR), what total face value amount of bonds must youissue?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
