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Allison's wants to raise $15.2 million to expand its business. To accomplish this, it plans to sell 25-year, $1,000 face value, zero-coupon bonds. The bonds
Allison's wants to raise $15.2 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 percent, with semiannual compounding. How many bonds approximately must the firm sell to raise the $15.2 million it needs? Select one: a. 354230 bonds O b. 33814 bonds O c. 73380 bonds d. 75222 bonds O e. 15200 bonds
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