Business, 12.06.2020 23:57 olive4945

The Xylon Firm wants to raise $18 million to expand its business. To accomplish this, the firm plans to sell 10-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds the firm must sell to raise the $18 million it needs

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The Xylon Firm wants to raise $18 million to expand its business. To accomplish this, the firm plans...