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Acompany wants to raise $50,000,000. It plans to sell 15 year, $1,000par value, zero coupon bonds. The bonds will be priced to yield6.60%. What is
Acompany wants to raise $50,000,000. It plans to sell 15 year, $1,000par value, zero coupon bonds. The bonds will be priced to yield6.60%. What is the minimum number of bonds it must sell to raise the money it needs?
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