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Khanijow s wants to raise $ 1 2 . 4 million to expand its business. To accomplish this, it plans to sell 2 5 -
Khanijows wants to raise $ million to expand its business. To accomplish this, it plans to sell year, $ face value, zerocoupon bonds. The bonds will be priced to yield percent, with semiannual compounding. What is the minimum number of bonds the firm must sell to raise the $ million it needs?
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