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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
$ for the project. They would like to issue year bonds with a $ face value with a
coupon rate paid annually. If the market interest rate for a competitive offering now is
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 tm
IY rm
PV
Bonds Needed
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