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FIN325 Enterprises needs money for a new investment project and decides to raise the money by issuing 30,000 corporate bonds. FIN325 Enterprises decides to issue

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FIN325 Enterprises needs money for a new investment project and decides to raise the money by issuing 30,000 corporate bonds. FIN325 Enterprises decides to issue 20-year, $1,000 par value, 4.00% coupon bonds. If each bond is priced to yield 7.00% and will pay interest semi-annually, how much will FIN325 Enterprises receive (ignoring issuance costs) when the bonds are first sold? When answering the question, fill in the input(s) below that is (are) necessary to solve the problem and write down your final answer! N = M 1/Y - A/ PV = A/ PMT = FV

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