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Your company wants to raise $7.5 million by issuing 10-year zero-coupon bonds. If the yield to maturity on the bonds will be 7% (annual compounded

Your company wants to raise

$7.5

million by issuing

10-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?

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