To fund a project, a company will issue 10-year zero coupon bonds with a face...
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Accounting
To fund a project, a company will issue 10-year zero coupon bonds with a face value of $1,000. Assuming annual coupons to be the norm, what will be the price of these bonds if the appropriate yield is 13.1 percent p.a.? (Round to the nearest dollar; do not use $ sign or commas
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