Question: Saved Help Save & Exit A company looking to raise funds has decided to issue 15-year zero-coupon bonds. The bonds will have a $1.000 face

 Saved Help Save & Exit A company looking to raise funds

Saved Help Save & Exit A company looking to raise funds has decided to issue 15-year zero-coupon bonds. The bonds will have a $1.000 face value and the required return is 5% What amount will these bonds sell for when issued? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50: Numeric Response

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