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POP Inc wants to raise $ 1 0 0 , 0 0 0 by issuing 2 0 - year bonds. It may issue bonds (

POP Inc wants to raise $100,000 by issuing 20-year bonds. It may issue bonds (face value of $1.000 each and paying semi-annual coupons) with either 10% or 15% coupon rate. Assume the yield to maturity is 12% no matter which coupon rate POP chooses. Calculate the prices for both bonds and the number of bonds POP need to issue to the required capital?

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