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Business, 04.04.2020 08:59, jrcspiderman2003
Setrakian Industries needs to raise $94.8 million to fund a new project. The company will sell bonds that have a coupon rate of 5.98 percent paid semiannually and that mature in 15 years. The bonds will be sold at an initial YTM of 6.76 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds?
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Answers: 3
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Setrakian Industries needs to raise $94.8 million to fund a new project. The company will sell bonds...
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