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At what price will the firm be able to sell the bond

Problem: A firm wants to issue a 5 year bond with a coupon rate of 8% yield to maturity of 6%, and interest payments made semi-annually.

1) At what price will the firm be able to sell the bond?

2) How many bonds must the firm sell to raise $1,000,000 in capital?

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Finance Basics: At what price will the firm be able to sell the bond

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Finance Basics: At what price will the firm be able to sell the bond

Reference No:- TGS02057674

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