Harpo Enterprises, Inc. wants to raise $33 million by issuing 12-year, zero coupon bonds. The market...
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Harpo Enterprises, Inc. wants to raise $33 million by issuing 12-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many bonds must the firm issue? Ignore all issue and transaction costs. Please record your answer using the following format (89107.00). Record your answer to two decimal places. Finally, do not use a comma to separate hundreds from thousands. Your Answer: Answer Harpo Enterprises, Inc. wants to raise $33 million by issuing 12-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many bonds must the firm issue? Ignore all issue and transaction costs. Please record your answer using the following format (89107.00). Record your answer to two decimal places. Finally, do not use a comma to separate hundreds from thousands. Your Answer: Answer
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To calculate the number of bonds Harpo Enterprises Inc needs ... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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