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bowlafruit he's looking to expand its operations and wishes to raise $1 million by issuing 30 year, 4% coupon. Semi annual bonds with a face
bowlafruit he's looking to expand its operations and wishes to raise $1 million by issuing 30 year, 4% coupon. Semi annual bonds with a face value of $1000. If their largest investment banks suggest the current market return on such bonds is 6% and they charge a 3% commission on the proceeds how many bonds does bowlafruit need to sell to meet it's financing goal.
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