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Your company wants to raise $7.0 million by issuing 15-year zero-coupon bonds. If the yield to maturity on the bonds will be 6%(annual compounded APR),

Your company wants to raise $7.0 million by issuing 15-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 you issue?

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