Libreoffice inc wants to raise 10 million dollars in debt, Ask an Expert

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LibreOffice, Inc. wants to raise $10 million dollars in debt financing. It wants to offer a $1,000 face value, 8.5 percent coupon bond with annual payments and 10 years to maturity. The yield to maturity on similar bonds out in the marketplace is 9.3 percent. How many bonds must the firm issue in order to raise the desired amount of funding?

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Financial Management, Finance

Category:- Financial Management
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