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P 6-3 (similar to) Question Help Your company wants to raise $11.0 million by issuing 15-year zero-coupon bonds. If the yield

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Answer #1

Present value = 11 ma yhn = 6% Time (n) = 15 year Face value & Present value (1+ytm) = 1 (1-06]S = $26.36 million. & Total

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