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Homew Chapter Score: 0 of 1 1 pt 6 of 10 (5 completo) HW Score: 40%, 4 of 10 pts P15-12 (similar to) Question Help

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Homew Chapter Score: 0 of 1 1 pt 6 of 10 (5 completo) HW Score: 40%, 4 of 10 pts P15-12 (similar to) Question Help Solling bonds. Rowling needs to raise $37,200,000 for its new manufacturing plant in Jamaica Berkman Investment Bank wil soll the bond for a commission of 2.3%. The market yield is currently 7.5% on twenty year zero-coupon bonds. Rawings wants to issue a zero coupon bond, how many bonds will it need to soll to raise the $37,200,000? Assume that the bond is semiannual and issued at a par value of $1,000 How many bonds will Rawlings nood to sell to raise the $37,200,000? (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check All wer 19 W

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