[Solved] Billy boomerang wants to raise 8 million

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Billy boomerang wants to raise 8 million for expansion. Billy boomerang wants to issue 1 5 year zero coupon bonds. The market yield on similar

Billy boomerang wants to raise

8

million for expansion. Billy boomerang wants to issue

15

year zero coupon bonds. The market yield on similar bond is

11 % .

How many bonds must the company sell to raise the money it needs

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