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setrakian industires needs to raise $48.5 million to fund a new project. the company will sell bonds that have a coupon rate of 5.56 percent
setrakian industires needs to raise $48.5 million to fund a new project. the company will sell bonds that have a coupon rate of 5.56 percent paid semiannually and that mature in 10 years. the bonds will be sold at an initial YTM of 6.13 percent and have a par value of $2,000. how many bonds must be sold to raise the necessary funds?
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