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3. Due to additional financing needs, XYZ Corporation wishes to issue new bonds that would have a maturity of 10 years, a par value of

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3. Due to additional financing needs, XYZ Corporation wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $35 in interest every six months. If investors require 7 percent return on XYZ's bond, how many new bonds must XYZ issue to raise $10.000.000 cash

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