Question
Your company wants to raise $5,602,387 by issuing 22-year zero-coupon bonds. If the yield to maturity on the bonds will be 6.4% EAR, what
Your company wants to raise $5,602,387 by issuing 22-year zero-coupon bonds. If the yield to maturity on the bonds will be 6.4% EAR, what total principal amount of bonds must you issue?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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