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Mikala's craft Ltd. needs $225,000 today to purchase some new equipment. The company will issue 10 year bonds with a 6% coupon rate and semi

Mikala's craft Ltd. needs $225,000 today to purchase some new equipment. The company will issue 10 year bonds with a 6% coupon rate and semi annual interest payments. The current market rate interest is 6.5%. How many bonds must mikala sell to raise the money ?

a 234

b 226

c 216

d 225

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