Zane Industrial Products wants to raise $22 million to expand their business. To accomplish this, they plan to sell 30-year, $1,000 face value, zero coupon bonds. The bonds will be priced to yield
7)25%. What is the approximate minimum number of bonds the company must sell to raise the
Money they need (use values in the dollar)?

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The Answer of Zane Industrial Products wants to raise $22 million to expand their business. To accomplish this, they plan to sell 30-year, $1,000 face value, zero coupon bonds. The bonds will be priced to yield
7)25%. What is the approximate minimum number of bonds the company must sell to raise the
Money they need (use values in the dollar)?

Zane Industrial Products Wants to Raise $22 Million to Expand