Question: Chapter 15. Question 6. III Homework: Chapter 15 Homework Question 6, P15-12 (similar to) HW Score: 0%, 0 of 10 points O Points: 0 of

Chapter 15. Question 6.

III Homework: Chapter 15 Homework Question 6, P15-12 (similar to) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Selling bonds. Rawlings needs to raise $36,700,000 for its new manufacturing plant in Jamaica Berkman Investment Bank will sell the bond for a commission of 25% The market yield is currently 7.4% on twenty-year zero-coupon bonds. If Rawlings wants to issue a zero-coupon bond, how many bonds will it need to sell to raise the $36,700,000? Assume that the bond is semiannual and issued at a par value of $1,000 How many bonds will Rawlings need to sell to raise the $36,700,000? (Round to the nearest whole number)

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