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Setrakian Industries needs to raise $ 9 9 . 4 million to fund a new project. The company will sell bonds that have a coupon

Setrakian Industries needs to raise $99.4 million to fund a new project. The company will sell bonds that have a coupon rate of 6.02 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.82 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.)
Multiple Choice
54,939 bonds
181,154 bonds
49,700 bonds
99,400 bonds
68,674 bonds
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