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Coco's needs to raise $45 million and wants to issue 10-year zero-coupon bonds for this purpose. Assume the required return on the bond issue will
Coco's needs to raise $45 million and wants to issue 10-year zero-coupon bonds for this purpose. Assume the required return on the bond issue will be 3.5% Coco's tax rate is 21%. The par value of each bond is $1000. How many bonds would the company need to issue to raise the money it requires
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