sosick3595
sosick3595
06.07.2021 • 
Business

A company isissuing bonds to fund anexpansion, which will cost $1 million. The company plans to issue bonds with a par value of $1,000, a coupon rate of 6% with semiannual payments, and a maturity of 10 years. The company expects that investors who buy the bonds todemand a yield to maturity of 8%. How many bonds will the company have to issue in order to raise the necessary $1 million

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