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Author Question: Stock and Bond MarketsPoly's Portable Peanut Butter needs to raise $40,000 for an expansion. To get ... (Read 100 times)

april 19

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Stock and Bond Markets

Poly's Portable Peanut Butter needs to raise $40,000 for an expansion. To get the funds, the company has decided to sell bonds with a principal of $1250 and a yearly coupon payment of $145.

How many bonds must Poly's Portable Peanut Butter sell to raise the necessary funds? What is the interest rate of the bonds? Please round your answer to two decimal places.
◦ 32.00 bonds, 11.60%
◦ 275.86 bonds, 11.60%
◦ 32.00 bonds, 3.13%
◦ 275.86 bonds, 3.13%


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Marked as best answer by april 19 on Nov 23, 2022

H.cope00

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april 19

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Reply 2 on: Nov 23, 2022
Wow, this really help


ryansturges

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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