Zero Coupon Bonds. Gorham Corp. needs to raise fund and issues 47-year zero coupon bond. If the face value of the bond is $73,900.00 and the current interest is 2.21%, how much is the bond? O a. $36,248.59 b. $26,451.80 O c. $36,248.59 Od $206.458.94

Calculus: Early Transcendentals
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Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
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Zero Coupon Bonds. Gorham Corp. needs to raise fund and issues 47-year zero coupon bond.
If the face value of the bond is $73,900.00 and the current interest is 2.21%, how much is the
bond?
a. $36,248.59
O b. $26,451.80
c. $36,248.59
d. $206,458.94
Simple Accounting - Property Tax.
99
Transcribed Image Text:Zero Coupon Bonds. Gorham Corp. needs to raise fund and issues 47-year zero coupon bond. If the face value of the bond is $73,900.00 and the current interest is 2.21%, how much is the bond? a. $36,248.59 O b. $26,451.80 c. $36,248.59 d. $206,458.94 Simple Accounting - Property Tax. 99
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