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Suppose your company needs to raise $46 million and you want to issue 25 -year bonds for this purpose. Assume the required return on your

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Suppose your company needs to raise $46 million and you want to issue 25 -year bonds for this purpose. Assume the required return on your bond issue will be 7 percent, and you're evaluating two issue alternatives A semiannual coupon bond with a 7 percent coupon rate and a zero coupon bond. Your company's tax rate is 30 percent Assume a par value of 51 , ooo How many of the zeroes would you need to issue? a. 46.000 b. 1 c. 256.906 d. None of the above

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