How much will jia hua receive when bonds are first sold
Question:
Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond is priced to yield 7% , how much will Jia Hua receive (ignoring issuance costs) when the bonds are first sold?
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If each bond is priced to yield 7% , how much will Jia Hua receive (ignoring issuance costs) when the bonds are first sold?
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