Business, 13.03.2020 05:41 eric271828

Setrakian Industries needs to raise $69.5 million to fund a new project. The company will sell bonds that have a coupon rate of 5.76 percent paid semiannually and that mature in 20 years. The bonds will be sold at an initial YTM of 6.43 percentand have a par value of $2,000. How many bonds must be sold to raise the necessary funds

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Setrakian Industries needs to raise $69.5 million to fund a new project. The company will sell bonds...

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