What will the bond sell for when issued
Problem
A firm issues a zero-coupon bond with a face value of 8,945,920 and a term of 5 years. If the market interest rate is 3%, what will the bond sell for when issued?
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A firm issues a zero-coupon bond with a face value of 8,945,920 and term of 5 years. If the market interest rate is 3%, what will the bond sell for when issued?
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