Question: PLS SHOWS USING CALCULATORS KEYS ON BA II PLUS! ANS: 17,164 J&J Enterprises wants to issue eighty 20-year, $1,000 zero-coupon bonds. If each bond is

PLS SHOWS USING CALCULATORS KEYS ON BA II PLUS!

ANS: 17,164

J&J Enterprises wants to issue eighty 20-year, $1,000 zero-coupon bonds. If each bond is to yield 8%, how much will J&J receive (ignoring issuance costs) when the bonds are first sold?

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