A firm plans to sell 10-year zero-coupon bonds to raise its capital by $100,000. If the...

 

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A firm plans to sell 10-year zero-coupon bonds to raise its capital by $100,000. If the bonds have a face value of $1,000 and the yield to maturity is 7%. What is the minimum number of bonds it must sell to raise the $100,000 it needs? (Note: The coupon is semi-annually) bonds 180 bonds 148 bonds 198 bonds 163 A firm plans to sell 10-year zero-coupon bonds to raise its capital by $100,000. If the bonds have a face value of $1,000 and the yield to maturity is 7%. What is the minimum number of bonds it must sell to raise the $100,000 it needs? (Note: The coupon is semi-annually) bonds 180 bonds 148 bonds 198 bonds 163

Answer rating: 100% (QA)

Answer Calculation of per bond price Method 1 Using TVM ... View the full answer