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Selling bonds. Lunar Vacations needs to raise $6,000,000 for its new project (a golf course on the moon Ah yield is currently 7.5% on
Selling bonds. Lunar Vacations needs to raise $6,000,000 for its new project (a golf course on the moon Ah yield is currently 7.5% on twenty-year semiannual bonds. If Lunar wants to issue a 6.0% semiannual coupon bond how n all bonds are issued at a par value of $1,000. How many bonds will Lunar need to sell to raise the $6,000,000? (Round to the nearest whole number.) This quot
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