Suppose your firm needs to raise 10 million and you wish to


Suppose your firm needs to raise $10 million and you wish to issue 20 year zero-coupon bonds (each with a face value of $1000) for this purpose.

Assume the required return for these bonds will be 10%. Ignore any issue costs paid to bond dealers.

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Financial Management: Suppose your firm needs to raise 10 million and you wish to
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