Business, 03.12.2020 20:10 runninglovexoxo

The MerryWeather Firm wants to raise $11 million to expand its business. To accomplish this, the firm plans to sell 15-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 4%. What is the minimum number of bonds the firm must sell to raise the $11 million it needs? a. 20,711.
b. 113,377.
c. 41,422.
d. 56,688.
e. 23,000.

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The MerryWeather Firm wants to raise $11 million to expand its business. To accomplish this, the fir...

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