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Your municipality is trying to raise $200,000 for the local hospital. They are issuing 20-year 3% coupon bonds, each with a face value of $500.

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Your municipality is trying to raise $200,000 for the local hospital. They are issuing 20-year 3% coupon bonds, each with a face value of $500. If the current market rate is 2%, how many bonds do they need to issue? Select one: O a 20886 O b. 344 O c. 926 O d. 5366 O 0.91 Finish attempt Your municipality is trying to raise $200,000 for the local hospital. They are issuing 20-year 3% coupon bonds, each with a face value of $500. If the current market rate is 2%, how many bonds do they need to issue

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