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Forever Yours Insurance Company need to raise $45,000,000. They decide to do so through the issuance of consol bonds. Each bond will have an annual

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Forever Yours Insurance Company need to raise $45,000,000. They decide to do so through the issuance of consol bonds. Each bond will have an annual coupon of $1,100. Given the current 7.25% yield to maturity on the firm's bonds, how many bonds must the firm issue? (Enter your answer rounded to the nearest whole number.) Number of bonds

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