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setrakian industries needs to raise $100 million to fund a new project. the company will sell bonds that have a coupon rate of 5 percent

setrakian industries needs to raise $100 million to fund a new project. the company will sell bonds that have a coupon rate of 5 percent paid semiannually and that mature in 25 years. the bonds will be sold at an initial ytm of 5 percent and have a par value of $2,000. how many bonds must be sold to raise the necessary funds?

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