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10. Correone Constructions plans to raise $115,000,000 for its new project by issuing 15-year semiannual coupon bonds with the coupon rate of 7.20%, yield to

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10. Correone Constructions plans to raise $115,000,000 for its new project by issuing 15-year semiannual coupon bonds with the coupon rate of 7.20%, yield to maturity 7.60%, and face value of $1,000. How many bonds should Correone Constructions sell in order to raise the $115,000,000 it needs? HINT: Coupon payments go to the (PMT) section in the financial cal a. 115,000 bonds b. 116,356 bonds c. 119,225 bonds d. 113,236 bonds

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