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Your company recently issued 1 0 - year bonds at a market price of $ 1 , 0 0 0 ( that is , they

Your company recently issued 10-year bonds at a market price of $1,000(that is, they were issued at face value)These bonds pay an annual coupon of $105(52.50 each months) Due to additional financing needs, the firm wishes to issue new bonds which would have a maturity of 10 years and which would pay 40 in interest every 6 months Assume that both bonds are of the same risk class (that is, they have the same yield or required rate of return) and that there are no flotation costs. How many bonds, to the nearest whole number should the firm issue to raise $ 2,000,000 in cash?
2.211 O
2,139
2437
2,285
O 2,360

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