Find the January issue price of these zero coupon bond

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Question - Zero coupon bonds pay no interest-the only cash investors receive is the lump-sum principal payment at maturity. On January 1, 2019, The Ledge Inc. issued $250 million of zero coupon bonds at a maturity yield rate of 10%. The bonds mature in 20 years. Find the January 1, 2019, issue price of these zero coupon bonds?

Reference no: EM132619874

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