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Percent and semiannual coupon payments

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Marshall Ltd is issuing eight-year bonds with a coupon rate of 5.35 percent and semiannual coupon payments. If the current market rate for similar bonds is 8.05 percent, the bonds will sell for $_________ If the company wants to raise $1.25 million, the company must sell ___________bonds.

Reference no: EM131627915

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