Business, 17.03.2020 01:14 mariarichards2p8a277

Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a coupon rate of 5.88 percent paid semiannually and that mature in 30 years. The bonds will be sold at an initial YTM of 6.61 percent and 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 $83.3 million to fund a new project. The company will sell bonds...

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