What is the approximate market value of the bond
Question: A 14-year zero-coupon bond was issued with a $1000 par value to yield 12%. What is the approximate market value of the bond?
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A 14-year zero-coupon bond was issued with a $1000 par value to yield 12%. What is the approximate market value of the bond?
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What entry should be made at the time of the issuance of the bonds and warrants?
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