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Your company wants to raise exist7.0 million by issuing 25-year zero-coupon bonds. If the yield to maturity on the bonds will be 9% (annual compounded

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Your company wants to raise exist7.0 million by issuing 25-year zero-coupon bonds. If the yield to maturity on the bonds will be 9% (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 exist (Round to the nearest cent.)

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