Question: Bond A is a zero coupon bond. It has 10 years left to maturity. If the current yield to maturity is 9%. a) What price

Bond A is a zero coupon bond. It has 10 years left to maturity. If the current yield to maturity is 9%.

a) What price will Bond A sell for?

b) If the bond was issued today at that price, how many would the company need to issue to raise $5,000,000? (round up to the nearest whole number)

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