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QUESTION
northrop real estate company is planning to fund a development project by issuing 10-year zero coupon bonds with a face value of $1,000.
northrop real estate company is planning to fund a development project by issuing 10-year zero coupon bonds with a face value of $1,000. assuming semiannual compounding, what will be the price of these bonds if the appropriate discount rate is 14 percent?
