The flat corporation needs to raise some funds to pay for


The Flat Corporation needs to raise some funds to pay for new equipment. They issue $600,000 worth of 12-year bonds with semi-annual coupons at r(2)=10%. At the time of issue, interest rate in the market place are i(2)=9%. How much money did they raise per $100 unit?

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Financial Management: The flat corporation needs to raise some funds to pay for
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