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Setrakian Industries needs to raise $90.2 million to fund a new project. The com a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. Th initial YTM of 6.70 percent and have a par value of $2,000. How many bonds m

Setrakian Industries needs to raise $90.2 million to fund a new project. The com a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. Th initial YTM of 6.70 percent and have a par value of $2,000. How many bonds m

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) O Multiple Choice o 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) Multiple Choice 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds G 62,059 bonds
Transcribed Image Text:Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) O Multiple Choice o 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) Multiple Choice 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds G 62,059 bonds
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