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Bowiafruit is looking to expand its operations and wishes to raise $4,000,000 by issuing 30 year, 6% coupon, semi-annual bonds with a face value of

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Bowiafruit is looking to expand its operations and wishes to raise $4,000,000 by issuing 30 year, 6% coupon, semi-annual bonds with a face value of $1,000. If their investment banks suggests the current marke return on such bonds is and they charge a 4 commission on the proceeds, how many bonds does Bowlafruit need to sell to meet its financing goal? 7,754 4,487 6.462 9,305 5,385

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