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Marshall Company is issuing eight-year bonds with a coupon rate of 5.00 percent and semiannual coupon payments. If the current market rate for similar bonds

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Marshall Company is issuing eight-year bonds with a coupon rate of 5.00 percent and semiannual coupon payments. If the current market rate for similar bonds is 7.00 percent. What will be the bond price? If company management wants to raise $1.25 million, how many bonds does the firm have to sell

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