Question
Allison's wants to raise 12.4 million to expand its business. to accomplish this, it plans to sell 25 year $1,000 face value zero coupon bonds.
Allison's wants to raise 12.4 million to expand its business. to accomplish this, it plans to sell 25 year $1,000 face value zero coupon bonds. The bonds will be priced to yield 6.5% with semiannual compounding. what is the minimum number of bonds allison's must sell to raise the $12.4 million it needs?
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Emerging Markets And The Global Economy A Handbook
Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen
1st Edition
0124115497, 978-0124115491
