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Medina Builders needs $12 million in external financing. To raise the funds, is plans to sell 20 -year, $1,000 face value, zero coupon bonds, The

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Medina Builders needs $12 million in external financing. To raise the funds, is plans to sell 20 -year, $1,000 face value, zero coupon bonds, The bonds will be priced to yield 4 percent. What is the minimum number of bonds it must sell to mice the money it needs? Assume semiannual compounding. 26,496 26,293 57.612 17,831 12,000

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