Meccs inc has decided to raise 50 million by issuing 11, Ask an Expert

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MECCS Inc. has decided to raise $50 million by issuing 11 year semiannual coupon bonds with coupon rate of 6.30 percent, yield to maturity of 7.24 percent, and face value of $1,000. What is the minimum number of these bonds MECCS has to issue to achieve its objective?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92270944

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