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Confederation Inc just issued $2.5 million zero coupon bonds due in 12 years. The bonds...

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Finance

Confederation Inc just issued $2.5 million zero coupon bonds due in 12 years. The bonds were issued at a yield to maturity of 6.80%. The amount received by Confederation is closest to:

A. $1,120,591. B. $1,673,761 C. $1,135,233

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