Question
Zero coupon bonds pay no interestthe only cash investors receive is the lump-sum principal payment at maturity. On January 1, 2019, The Ledge Inc. issued
Zero coupon bonds pay no interestthe only cash investors receive is the lump-sum principal payment at maturity. On January 1, 2019, The Ledge Inc. issued $250 million of zero coupon bonds at a maturity yield rate of 10%. The bonds mature in 20 years.What was the January 1, 2019, issue price of these zero coupon bonds?
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood,
1st Edition
1941651100, 978-1941651100
