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Suppose your company needs to raise $48 million and you want to issue 25y year bonds for this purpose. Assume the required return on your

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Suppose your company needs to raise $48 million and you want to issue 25y 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 coupon rate of 7 percent and a zero coupon bond. Your company's tax rate is 24 percent. Assume a par value of $2,000 a-1. How many of the coupon bonds would you need to issue to raise the $48 million? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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