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Allison's wants to raise $19.4 million to expand its business. To accomplish this, it plans to sell 25-year, $1,000 face value, zero-coupon bonds. The bonds will be priced to yield 6.5 percent, with semiannual compounding. How many bonds approximately must the firm sell to raise the $19.4 million it needs
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Allison's wants to raise $19.4 million to expand its business. To accomplish this, it plans to sell...
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