Question: How much (in $ millions) will ABC have to pay to redeem the bonds? Suppose ABC Co. issues $30 million of 10-year zero coupon bonds

How much (in $ millions) will ABC have to pay to redeem the bonds?

Suppose ABC Co. issues $30 million of 10-year zero coupon bonds today. If investors require a return of 6.26 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 to two decimals

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