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Worldwide Widget Manufacturing, Inc., is doing so well it decides it's time to become an international company. As the chief financial officer ( CFO )
Worldwide Widget Manufacturing, Inc., is doing so well it decides it's time to become an international company. As the chief financial officer CFO you're tasked with raising $ million of new capital to open offices around the world. In researching the matter, you learn that if bonds due in years are used for raising the capital,they'll be rated A and will need to offer a yield of percent. How many bonds will it be necessary to issue to raise the needed capital? What will Worldwide Widget Manufacturing have to make as a semiannual interest rate payment?
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