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The company decided to fund the project by issuing bonds with a face value of $100,000 and a coupon rate of 7% per annum payable
The company decided to fund the project by issuing bonds with a face value of $100,000 and a coupon rate of 7% per annum payable semi-annually. The bond maturity is 5 years. The yield corporate bonds rate is 9% per annum compounding semi-annually. Calculate the number of bonds that need to be issued to fund for new project $4,000,000.
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