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Northern Warehouses wants to raise $11 million to expand its business. To accomplish this, it plans to sell 30 year, $1000 face value zero coupon bonds. The bonds will be priced to yield 7 percent. What is the minimum number of bonds it must sell to raise the $11 million it needs?

1. 75926
2. 90529
3. 173318
4. 86659
5. 69023

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M954584

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