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  3. 1) your company wants to raise $9.5 million by iss

1) Your company wants to raise $9.5 million by issuing 20-year zero-coupon bonds. If the...

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Finance

1)

Your company wants to raise $9.5 million by issuing 20-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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Part 1

The total face value amount of bonds that you must issue is

$enter your response here.

(Round to the nearest cent.)

Answer & Explanation Solved by verified expert
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