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Selling bonds. Lunar Vacations needs to raise $ 6 , 3 0 0 , 0 0 0 for its new project ( a golf course
Selling bonds. Lunar Vacations needs to raise $ for its new project a golf course on the moon Astro Investment Bank will sell the bond for a commission of The market yield is currently on twentyyear semiannual bonds. If Lunar wants to issue a semiannual coupon bond, how many bonds will it need to sell to raise the $ Assume that all bonds are issued at a par value of $
How many bonds will Lunar need to sell to raise the $
Round to the nearest whole number.
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