What is the minimum number of bonds

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Thomasville Liquidators wants to raise $6.2 million to expand their business. To accomplish this they plan to sell 20-year, $1,000 face value, zero coupon bonds. The bonds will be priced to yield 9.5%. What is the minimum number of bonds they must issue to raise the $6.2 million?

Reference no: EM13281158

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