Question: company E needs to raise $ 2 2 , 0 0 0 , 0 0 0 and plans to issue 2 0 year bonds for.this

company E needs to raise $22,000,000 and plans to issue 20 year bonds for.this purpose. The required rate of return is 7,6 percent in the current market. The company will issue 7.6 percent coupon. At bond maturity, how much will the compnay need to pay to its bondholders. Assume the semiannual compounding and face value of 1000

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