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Harrington Farms is planning to issue bonds. Each bond will have a $ 5 , 0 0 0 face value. The bonds are set to
Harrington Farms is planning to issue bonds. Each bond will have a $ face value. The bonds are set to have a coupon of interest. There is a total of bonds being issued. Current rates have fallen to What is the value of each bond? How much will the company raise? Will they raise more or less than what they had intended? Assume semiannual compounding
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