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Rawlings need to raise $41,400,000 for its new manufacturing plant in jamica. Berkman investment bank will sell the bond for a commission of 2.7%. The
Rawlings need to raise $41,400,000 for its new manufacturing plant in jamica. Berkman investment bank will sell the bond for a commission of 2.7%. The market yield is currently 7.1% on twenty-year zero coupon bonds. if rawlings wants to issue a zero coupon bond, how many bonds will it need to sell to raise $41,400,000? assume that the bond is semiannual and issued at a par value of $1,000
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