Your company wants to raise $5,602,387 by issuing 22-year zero-coupon bonds. If the yield to maturity...
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Your company wants to raise $5,602,387 by issuing 22-year zero-coupon bonds. If the yield to maturity on the bonds will be 6.4% EAR, what total principal amount of bonds must you issue? Your company wants to raise $5,602,387 by issuing 22-year zero-coupon bonds. If the yield to maturity on the bonds will be 6.4% EAR, what total principal amount of bonds must you issue?
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