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Company XYZ is considering issuing 10-year corporate bonds. The face value is $1,000 and coupon...

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Accounting

  1. Company XYZ is considering issuing 10-year corporate bonds. The face value is $1,000 and coupon rate is 5.5% paid semi-annually. If investors required return on similar corporate bonds is 8%, how many does XYZ need to issue in order to raise $2,000,000 (assuming no fees or any issuing costs). (10 points)

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