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please show work neatly Tesla is considering issuing 7-year corporate bonds. The face value is $1,000 and coupon rate is 7% paid semi-annually. If investors'
please show work neatly
Tesla is considering issuing 7-year corporate bonds. The face value is $1,000 and coupon rate is 7% paid semi-annually. If investors' annual required return rate on similar corporate bonds is 9%, how many bonds does Tesla need to issue in order to raise $300,000,000 (assuming no fees or any issuing costs). ( 10 points) HINT: we need to find bond price firstStep by Step Solution
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