The MerryWeather firm wants to raise $10 million to expand its business. To accomplish this, you plan to sell $1,000 face value, 30-year, zero-coupon bonds. The price of the bonds will have a yield of 6%. What is the minimum number of bonds he must sell to raise the $10 million he needs?

Answer rating: 100% (QA)

To calculate the minimum number of bonds MerryWeather must sell to raise 10 million we need to d... View the full answer