Business, 19.03.2021 03:30, Sushmitarai4934

Cincinnati Exporters wants to raise $40 million to expand its business. To accomplish this, it plans to sell 22-year, $1,000 face value, semiannual coupon bonds. The bonds will be priced to yield 6.85 percent and coupon rate of 5.72 percent. What is the minimum number of bonds it must sell to raise the money it needs

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Cincinnati Exporters wants to raise $40 million to expand its business. To accomplish this, it plans...