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Business, 04.04.2020 13:19 pimuang50

Mette Badminton Equipment Co. wants to raise $7 million to expand operations. To accomplish this, it plans to issue 20-year bonds with a face value of $1,000. The coupon rate is set at 9% and the couponds will be paid semi-annually. The bonds are priced at a yield-to-maturity of 10%. What is the minimum number of bonds the firm must sell to raise the $7 million

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Mette Badminton Equipment Co. wants to raise $7 million to expand operations. To accomplish this, it...
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