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Lowell Corporation recently issued 10-year bonds at a price of $1,000 with a 8 percent semi-annual coupon at par. Now it wishes to issue new

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Lowell Corporation recently issued 10-year bonds at a price of $1,000 with a 8 percent semi-annual coupon at par. Now it wishes to issue new 10 year bonds with 3 percent semi-annual coupon with a face value of $1.000. If both bonds have the same yield-to-maturity, how many new bonds must Lowell issue to raise $1.000.000 cash? O 1,688 O 4,382 1,515 O 1.373

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