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Rocking Ball, Inc. is considering issuing bonds to raise money for a project expansion. They need $ 4 5 0 , 0 0 0 for

Rocking Ball, Inc. is considering issuing bonds to raise money for a project expansion. They need
$450,000 for the project. They would like to issue 10 year bonds with a $1,000 face value with a 5%
coupon rate paid annually. If the market interest rate for a competitive offering now is 7.2%,
approximately how many bonds would the company need to offer to raise the funds they need (ignore
any issuance costs). Round UP to the next whole number. (Fill in the following table)
This is the table below:
FV-
PMT-
N (t*m)-
I/Y (r/m)-
PV-
Bonds Needed-

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