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Edmonds Enterprises, Inc. wants to raise $22 million by issuing 15-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many
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Edmonds Enterprises, Inc. wants to raise $22 million by issuing 15-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many bonds must the firm issue? Ignore all issue and transaction costs.

User Algorithm And Blues
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1 Answer

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Answer:

The firm must issue 53399.77 bonds .

Step-by-step explanation:

Please see attachment .

Edmonds Enterprises, Inc. wants to raise $22 million by issuing 15-year, zero coupon-example-1
User Lolyoshi
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