Abc co wants to raise 6 million for an expansion project, Financial Management

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Abc co wants to raise 6 million for an expansion project

ABC Co wants to raise $6 million for an expansion project. The company wants to raise this money by selling zero coupon bonds with a par value (face value) of $1000. These bonds would be sold with a Yield to Maturity of 4% per year with semi-annual compounding. How many bonds must ABC sell in order to raise the $6 million dollars?

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Financial Management: Abc co wants to raise 6 million for an expansion project

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Financial Management: Abc co wants to raise 6 million for an expansion project

Reference No:- TGS01361804

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