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How many bonds will the firm have to issue to receive the funds? Needs to raise: 600,000 $1000 par value 18% coupon rate 17 year

How many bonds will the firm have to issue to receive the funds?

Needs to raise: 600,000

$1000 par value

18% coupon rate

17 year maturity

RROR of 7%

flotation is 14%

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