The biltmore equipment co just issued 250000 zero coupon, Business Economics

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The biltmore equipment co just issued 250000 zero coupon

The Biltmore Equipment Co. just issued 250,000 zero coupon bonds. These bonds mature in 30 years, have a par value of $1,000, and have a yield to maturity of 7.25 percent. What is the approximate total amount of money the company raised from issuing these bonds?

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Business Economics: The biltmore equipment co just issued 250000 zero coupon

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