Business, 15.04.2020 00:48, shaheedbrown06
Imagination Dragons Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 25-year zero coupon bonds with a par value of $1,000 each to raise the money. The required return on the bonds will be 9 percent. Assume semiannual compounding periods.
What will these bonds sell for at issuance?
Answers: 1
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