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Score: 0 of 1 pt 1 8 of 12 (5 complete) HW Score: 25%, 3 of 12 pts P15-12 (similar to) s Question Help Selling
Score: 0 of 1 pt 1 8 of 12 (5 complete) HW Score: 25%, 3 of 12 pts P15-12 (similar to) s Question Help Selling bonds. Rawlings needs to raise 542,700,000 for its new manufacturing plant in Jamaica Berkman Investment Bank will sell the bond for a commission of 2.5%. The market yield is currently 7.8% on twenty-year zero-coupon bonds. If Rawlings wants to issue a zero-coupon bond, how many bonds will it need to sell to raise the $42,700,000? Assume that the bond is semiannual and issued at a par value of $1,000 How many bonds will Rawlings need to sell to raise the $42,700,000? 0 (Round to the nearest whole number.)
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