What is the minimum number of bonds firm must sell to raise

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Reference no: EM13951450

The MerryWeather Firm wants to raise $14 million to expand its business. To accomplish this, the firm plans to sell 15-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds the firm must sell to raise the $14 million it needs? Use annual compounding

55,438

27,719

14,552

14,000

29,105

Reference no: EM13951450

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What is the minimum number of bonds firm must sell to raise : The MerryWeather Firm wants to raise $14 million to expand its business. To accomplish this, the firm plans to sell 15-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds the fir..

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