I just want to see how the answer it made Acme Inc. plans to issue...
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I just want to see how the answer it made
Acme Inc. plans to issue 10-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $50 million for the expansion. If the required return on the bonds is 7.4%, how many bonds will the firm have to issue?
Answer: 103,406
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