Save Homework: Class 10* Homework Score: 0 of 1 pt 3 of 11 (2 complete)...
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Save Homework: Class 10* Homework Score: 0 of 1 pt 3 of 11 (2 complete) HW Score: 18.18%, 2 of 11 pts P 6-3 (similar to) Question Help Your company wants to raise $7.0 million by issuing 30-year zero-coupon bonds. If the yield to maturity on the bonds will be 5% (annual compounded APR), what total face value amount of bonds must you issue? The total face value amount of bonds that you must issue is S. (Round to the nearest cent.)
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