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Northern Warehouses wants to raise $12 million to expand its business. To accomplish this, it plans to sell 30-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds it must sell to raise the $12 million it needs?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91419113

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