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QUESTION 11 Biogas Company needs $2.5 million to expand its business. To accomplish this, the firm plans to sell 30-year, 6% annual coupon rate. $1,000

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QUESTION 11 Biogas Company needs $2.5 million to expand its business. To accomplish this, the firm plans to sell 30-year, 6% annual coupon rate. $1,000 face value bonds. The bonds will be priced to yield 5.75 percent annually. What is the minimum number of bonds the company must sell? Ignore all issue costs. 2,415 2,516 2.541 O 2,587 2.458

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