If the yield to maturity on the bonds will be 6 annually
Your company wants to raise $10 million by issuing 20-year-zero-coupon bonds. If the yield to maturity on the bonds will be 6% (annually compounded APR), what total principal amount of bonds must you issue?
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your company wants to raise 10 million by issuing 20-year-zero-coupon bonds if the yield to maturity on the bonds will
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