How many bonds must the firm issue

Reference no: EM131978989

Question: Harpo Enterprises, Inc. wants to raise $33 million by Issuing 12-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many bonds must the firm Issue? Ignore all issue and transaction costs. Please record your answer using the following format (89107.00). Record your answer to two decimal places Finally, do not use a comma to separate hundreds from thousands.

Reference no: EM131978989

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