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Business, 01.04.2021 20:20 5001Je

Robertsons, Inc., is planning to expand its specialty stores into five other states and finance the expansion by issuing 20-year zero coupon bonds with a face value of $1,000. If your opportunity cost is 6.25 percent and similar coupon-bearing bonds will pay semiannually, what will be the price at which you will be willing to purchase these bonds

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