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Paws Corporation wants to expand its operations and estimates that it'll need $1.5 million for this. After looking at several option, the firm decided to

Paws Corporation wants to expand its operations and estimates that it'll need $1.5 million for this. After looking at several option, the firm decided to raise this money by issuing a 15 year, zero coupon bond with a par value of $1,000. The market yield on similar bonds is 9 percent. How many bonds must the company sell to raise the money it needs. Assume semiannual compounding. 19,902 bonds 5,464 bonds 5,618 bonds 1,500 bonds 2,903 bonds

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