An investor has to to pay an investment project that is worth 6,200,000 dollars and plans to sell many zero-coupon bonds to cover the cost. Each of this bond has a face value of $1,000, a maturity of 20 years and a yield of 9.5%.
At minimum, how many of these bonds have to be sold by the investor?
MC Options:
38,078
54,500
61,333
42,500
57,500