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Your company wants to raise $8.5 million by issuing 30-year zero-coupon bonds. If the yield to maturity on the bonds will be 8% (annual
Your company wants to raise $8.5 million by issuing 30-year zero-coupon bonds. If the yield to maturity on the bonds will be 8% (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 $ (Round to the nearest cent.)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
