company wanta to false $11.0 million by issuing 20-year zero coupon bonds. If the yield to maturity on the bonds will be 7% ( annual compunded APR) what total face value amount of bonds must you issue? The total face value amount of bonds that you musy issue is $____ (Round to the nearest cent.)
company wanta to false $11.0 million by issuing 20-year zero coupon bonds. If the yield to maturity on the bonds will be 7% ( annual compunded APR) what total face value amount of bonds must you issue? The total face value amount of bonds that you musy issue is $____ (Round to the nearest cent.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Your company wanta to raise
$11.0 million by issuing 20-year
zero coupon bonds. If the yield to
maturity on the bonds will be 7% (
annual compunded APR) what
total face value amount of bonds
must you issue? The total face
value amount of bonds that you
musy issue is $____ (Round to
the nearest cent.)
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