Your company wants to raise 110 million by issuing 25-year, Finance Basics

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Your company wants to raise 110 million by issuing 25-year

Question: Your company wants to raise $11.0 million by issuing 25-year zero-coupon bonds. If the yield to maturity on the bonds will be 5% (annual compounded APR), what total face value amount of bonds must you issue? (Round to the nearest cent.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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