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Homework: Chapter 15 Homework Save Score: 0 of 1 pt 6 of 10 (0 complete) HW Score: 0%, 0 of 10 p P15-12 (similar to)
Homework: Chapter 15 Homework Save Score: 0 of 1 pt 6 of 10 (0 complete) HW Score: 0%, 0 of 10 p P15-12 (similar to) Question Help Selling bonds. Rawlings needs to raise $36,200,000 for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the bond for a commission of 2.8%. The market yield is currently 7.2% on twenty-year zero-coupon bonds. If Rawlings wants to issue a zero-coupon bond, how many bonds wil it need to sell to raise the $38.200.000? Assume that the bond is semiannual and issued at a par value of $1,000. How many bonds will Rawlings need to sell to raise the $38,200,000? n (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check
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