What total face value amount of bonds must you?issue

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Your company wants to raise $9.0 million by issuing 15?-year zero-coupon bonds. If the yield to maturity on the bonds will be 4 % (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 $

Nothing. ?(Round to the nearest?cent.)

Reference no: EM132342090

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