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Suppose ABC Co. issues $23.89 million of 18 year zero coupon bonds today. If investors require...

Suppose ABC Co. issues $23.89 million of 18 year zero coupon bonds today. If investors require a return of 6.23 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - ie, if you get $50,268,382, you should enter 50.27.

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jeff jeffy answered 1 year ago
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