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Felix Corporation needs to raise $50 million to fund a new project. The company will sell bonds that have a coupon rate of 4 percent

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Felix Corporation needs to raise $50 million to fund a new project. The company will sell bonds that have a coupon rate of 4 percent paid semiannually and that mature in 40 years. The bonds wift be sold at an Intlar YTM of 4 percent and have a par value of $1,000. How many bonds must be sold to ralse the necessary funds? 57,000 bonds 48,000 bonds 60,000 bonds 50,000 bonds

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