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Radio Shack needs to raise $4.75 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds with a

Radio Shack needs to raise $4.75 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds with a par value of $1,000 that mature in 15 years. The market yield on similar bonds is 6.85 percent. How many bonds must The Outlet sell to raise the money it needs? (Assume semi-annual compounding.)

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