What is the minimum number of bonds meccs has to issue

Reference no: EM131997300

Question: MECCS Inc. has decided to raise $50 million by issuing 11 year semiannual coupon bonds with coupon rate of 6.30 percent, yield to maturity of 7.24 percent, and face value of $1,000. What is the minimum number of these bonds MECCS has to issue to achieve its objective? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131997300

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