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Allison's wants to raise $17.1 million to expand its business. To accomplish this, it plans to sell 25-year, $1,000 face value, zero-coupon bonds. The bonds

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Allison's wants to raise $17.1 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 $17.1 million it needs? Select one: O a. 82553 bonds O b. 17100 bonds O c. 38041 bonds O d. 398509 bonds O e. 84625 bonds

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