What is the minimum number of these bonds meccs

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Reference no: EM131462204

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?

Reference no: EM131462204

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