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Jia Hua Enterprises wants to issue sixty 20-year. $1.000 par value, zero-coupon bonds. If each...

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Accounting

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Jia Hua Enterprises wants to issue sixty 20-year. $1.000 par value, zero-coupon bonds. If each bond is priced to yield 75 percent, how much will Jia Hun receive (ignoring issuance costs) when the bonds are first sold? (Show all calculations for full credit.) For the toolbar, press ALT+F10 (PC) OF ALTOFN+F10 (Mac)

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