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Biogas Company needs $2.5 million to expand its business. To accomplish this, the firm plans to sell 30-year, 6% annual coupon rate, $1,000 face value
Biogas Company needs $2.5 million to expand its business. To accomplish this, the firm plans to sell 30-year, 6% annual coupon rate, $1,000 face value bonds. The bonds will be priced to yield 5.25 percent annually. What is the minimum number of bonds the company must sell? Ignore all issue costs.
2,188 | ||
2,213 | ||
2,248 | ||
2,282 | ||
2,316 |
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