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Check my work Setrakian Industries needs to raise $ 8 4 . 5 million to fund a new project. The company will sell bonds that

Check my work
Setrakian Industries needs to raise $84.5 million to fund a new project. The company will sell bonds that have coupon rate 5.86 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.58 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds?
Multiple Choice
42,250 bonds
151,419 bonds
46,313 bonds
57,892 bonds
84,500 bonds
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