Suppose ABC Co. issues $11.61 million of 29 year zero coupon bonds today. If investors require a return of 5.82 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. 

Answer rating: 100% (QA)

To calculate the redemption value of the zerocoupon bonds we can use the form... View the full answer