A zero-coupon bond has a face value of $70,000 and 7 years to…

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Question A zero-coupon bond has a face value of $70,000 and 7 years to… A zero-coupon bond has a face value of $70,000 and 7 years to maturity. Interest accrues on the bond annually. The net proceeds of the bond are $45,000. What is the cost to the company of this source of finance? (Hint: IRR is between 6% and 7%). Image transcription textA zero-coupon bond has a face value of $70,000 and 7 years to maturity. Interest accrues on the bondannually. The net proceeds of the bond are $45,000. What is the cost to the company of this source offinance? (Hint: IRR is between 6% and 7%)…. Show more Business Finance Share QuestionEmailCopy link Comments (0)