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The Merry Weather Firm wants to raise 526 million to expand its business. To accomplish this, the firm plans to sell 15-year $1,000 face value

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The Merry Weather Firm wants to raise 526 million to expand its business. To accomplish this, the firm plans to sell 15-year $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds the firm must sell to raise the $26 million it needs? Use annual compounding 92,447 27026 184,895 26.000 54,052

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