How many bonds will firm need to issue to fully fund project

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Reference no: EM131020636

Suppose now (forgetting all prior assumptions) that the firm plans to finance the entire $285 million project by selling 6% coupon bonds. The underwriter will charge a spread of 1.75%; the legal and administrative fees associated with the project amount to $1.3 million. Approximately how many bonds will the firm need to issue to fully fund the project? 291400 280100 281400 290100

Reference no: EM131020636

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