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Elise's Crafts needs $225,000 today to purchase some new equipment. The firm is a planning on issuing 10-year zero-coupon bonds. The current market rate of

Elise's Crafts needs $225,000 today to purchase some new equipment. The firm is a planning on issuing 10-year zero-coupon bonds. The current market rate of interest is 6.5%. How many bonds must Elise's Crafts sell to raise the money they need? 225 467 450 391 423

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