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As the financial manager at Eco - Food, a successful food company, your responsibility is to raise $ 3 0 million for a significant expansion

As the financial manager at Eco-Food, a successful food company, your responsibility is to raise $30 million for a significant expansion project. The strategy involves issuing 15-year zero-coupon bonds, each with a $1,000 face value. These bonds will be sold at a discount and are expected to yield 8% upon maturity, with interest compounding semi-annually.(a) Calculate the total number of zero-coupon bonds Eco-Food must issue to secure the necessary funds. Round your answer to the nearest whole number.

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