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What will the bond price be? If company management wants toraise $1.25 million, how many bonds does the firm have to sell? Sandhill Company is

What will the bond price be? If company management wants toraise $1.25 million, how many bonds does the firm have to sell? Sandhill Company is issuing eight-year bonds with a coupon rate of 6.8 percent and semiannual coupon payments. If the current market rate for similar bonds is 11 percent. Assume face value is \( \$ 1, 2 answers

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