Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond

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3 years ago Edited: 3 years ago, bio_man

Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond

Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds.

If each bond is priced to yield 7 per cent, how much will Jia Hua receive (ignoring issuance costs) when the bonds are first sold?

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