Acme Inc.'s pension fund plans to purchase 10-year, zero-coupon bonds. The fund plans to purchase $50 million worth of bonds. If the required return on the bonds is 7.4%, how many bonds will the fund purchase?

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The Answer of Acme Inc.'s pension fund plans to purchase 10-year, zero-coupon bonds. The fund plans to purchase $50 million worth of bonds. If the required return on the bonds is 7.4%, how many bonds will the fund purchase?

Acme Inc'S Pension Fund Plans to Purchase 10-Year, Zero-Coupon Bonds