Van Norman Imports needs $3 million to expand its business. To accomplish this, the firm plans to

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Van Norman Imports needs $3 million to expand its business. To accomplish this, the firm plans to sell 25-year, $1,000 face value zero coupon bonds. The bonds will be priced to yield 7.15 percent with interest compounded semiannually.

What is the minimum number of bonds the company must sell?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Mar 31, 2023 02:28 AM

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Van Norman Imports needs $3 million to expand its business. To accomplish this, the firm plans to

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Principles of Finance

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