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Gillian Stationary Corporation needs to raise 600,000 to improve its manufacturing plant. It has decided to issue a 1000 par value bond with an annual percentage rate of 8.0 percent with interest paid semi annually and a 10 year maturity. Investors require a rate of return of 10. 0 percent

 

What is the number of bonds needed to sell and after tax cost?

Financial Management, Finance

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