Deltona motors just issued 230,000 zero-coupon bonds. these bonds mature in 18 years, have a par value of $1,000, and have a yield to maturity of 5.9 percent. what is the approximate total amount of money the company raised from issuing these bonds? assume semiannual compounding.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.