Business, 03.07.2019 01:30 supiine295

Setrakian industries needs to raise $76.4 million to fund a new project. the company will sell bonds that have a coupon rate of 5.82 percent paid semiannually and that mature in 15 years. the bonds will be sold at an initial ytm of 6.52 percent and have a par value of $2,000. how many bonds must be sold to raise the necessary funds?

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Setrakian industries needs to raise $76.4 million to fund a new project. the company will sell bonds...