xyz-corporation-issues-zero-coupon-bonds-with-a-face-value-of-100000-at-a-15-dis

Question

XYZ Corporation issues zero coupon bonds with a face value of $100,000 at a 15% discount. What is the cash received at issuance?

Accepted Answer

$85,000

Answer

$15,000

Answer

$115,000

Answer

$100,000

XYZ Corporation issues zero coupon bonds with a face value of \$100,000 at a 15% discount. What is the cash received at issuance?