Suppose ABC Co$.$ issues $$28\mathrm{.}45$ million of $29$ year zero coupon bonds today. If investors require a return of $6\mathrm{.}23$ 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 rating: 100% (QA)

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