Question: Apple recently issued a zero coupon bond. The zero coupon bond has a face value of $1 billion and matures in six years. Assume that

Apple recently issued a zero coupon bond. The zero coupon bond has a face value of $1 billion and matures in six years. Assume that when the bonds were sold to the public, the annual market rate of interest was 3 percent. Required: A) How much did Apple receive when it issued the bonds with a face value of $1 Billion? Note: Round your PV Factors to 5 decimal places. Enter your answer as a whole dollars rounded to nearest whole number. What is the correct answer is $853,120,724 is wrong

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