Your firm, NextGen Gaming Inc., needs to raise $2.2 million for an expansion project. The board has advised you to raise this money by selling zero coupon bonds with a par value of $1,000 that mature in 20 years. The market yield on similar bonds is 8.8 percent. 

How many bonds must your firm sell to raise the money it needs? (Assume semiannual compounding.)

Answer rating: 100% (QA)

find the number of bonds NextGen Gaming Inc must sell to raise 22 million Given Amount needed 22 mil... View the full answer