{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T07:06:41-04:00", "answer_date": "2024-06-09 07:06:41", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2505502", "url": "\/study-help\/questions\/dipitros-paint-and-wallpaper-inc-needs-to-raise-119-million-2505502", "question_creation_date_js": "2024-06-09T07:06:41-04:00", "question_creation_date": "Jun 09, 2024 07:06 AM", "meta_title": "[Solved] DiPitro?s Paint and Wallpaper, Inc., need | SolutionInn", "meta_description": "Answer of - DiPitro?s Paint and Wallpaper, Inc., needs to raise $1.19 million to finance plant expansion. In discussions with its | SolutionInn", "meta_keywords": "dipitro,s,paint,wallpaper,inc.,raise,$1.19,million,finance,plant,expansion,discussions", "question_title_h1": "DiPitro?s Paint and Wallpaper, Inc., needs to raise $1.19 million to finance plant expansion. In discussions with its investment bank, DiPitro?s learns that the bankers", "question_title": "DiPitro?s Paint and Wallpaper, Inc., needs to raise $1.19 million to finance", "question_title_for_js_snippet": "DiPitro s Paint and Wallpaper, Inc , needs to raise $1 19 million to finance plant expansion In discussions with its investment bank, DiPitro s learns that the bankers recommend a debt issue with gross proceeds of $1,000 per bond and they will charge an underwriter s spread of 7 5 percent of the gross proceeds How many bonds will DiPitro s Paint and Wallpaper need to sell in order to receive the $1 19 million it needs (Do not round intermediate calculations and round your final answer to the nearest whole number )", "question_description": "
DiPitro?s Paint and Wallpaper, Inc., needs to raise $1.19 million to finance plant expansion. In discussions with its investment bank, DiPitro?s learns that the bankers recommend a debt issue with gross proceeds of $1,000 per bond and they will charge an underwriter?s spread of 7.5 percent of the gross proceeds.<\/p>
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How many bonds will DiPitro?s Paint and Wallpaper need to sell in order to receive the $1.19 million it needs? (Do not round intermediate calculations and round your final answer to the nearest whole number.)<\/strong><\/p> <\/p>