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Question 2 2 pts National Australia Bank (NAB) is planning a new bond issue in order to raise $500 million. The bonds will have a
Question 2 2 pts National Australia Bank (NAB) is planning a new bond issue in order to raise $500 million. The bonds will have a face value of $1000, mature in 7 years, and have a coupon rate of 3% p.a. with coupons paid quarterly. If yields in the market are expected to be 3.2% p.a. compounded semi-annually, how many bonds will NAB have to issue? (Choose the closest whole number). O 506,261 503,109 425,226 505,924 O 506,328
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