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Good Inc needs $500,000 today to purchase new equipment for their warehouse. They intend to issue 8-year bonds with a coupon rate of 8% and

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Good Inc needs $500,000 today to purchase new equipment for their warehouse. They intend to issue 8-year bonds with a coupon rate of 8% and semi-annual interest payments. The current market rate of interest is 7%. REQUIRED: How many $1000 bonds must Good Inc sell to raise the money they need? In order to get full marks, you must show all of your work

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