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Business, 10.08.2019 04:10 isabellapayton2

The outlet needs to raise $3.2 million for an expansion project. the firm wants to raise this money by selling zero coupon bonds with a par value of $1,000 that mature in 20 years. the market yield on similar bonds is 7.8 percent. how many bonds must the outlet sell to raise the money it needs?

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