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Marshall Ltd is issuing eight-year bonds with a coupon rate of5.35percent and semiannual coupon payments. If the current market rate for similar bonds is8.05percent, the

Marshall Ltd is issuing eight-year bonds with a coupon rate of5.35percent and semiannual coupon payments. If the current market rate for similar bonds is8.05percent, the bonds will sell for $_________If the company wants to raise $1.25 million, the company must sell___________bonds.

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