Million for a capital investment

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KCC Limited is issuing 8-year bonds with a coupon rate of 10% with semi-annual coupon payments and face value of $1,000. If the yield on the bonds of similar risk is 11.28%, calculate the bond price. The company intends to raise $2.8 million for a capital investment, how many bonds will need to be sold to raise the required capital? (round your answer up to nearest 1,000)

Reference no: EM132267385

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