ABC corp wishes to borrow $1 million to financethe construction of a new factory but...
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ABC corp wishes to borrow $ million to financethe construction of a new factory but are unable to obtain thisfinancing from a bank. They instead decide to raise the money byselling $ million worth of bonds to investors. Under the terms of thebond, ABC promises to pay bondholders interest per year for fiveyears, with interest paid semiannually. Each of the bonds has a facevalue or par value of $ meaning ABC plan to sell how manybonds in total?
ABC corp wishes to borrow $ million to financethe construction of a new factory but are unable to obtain thisfinancing from a bank. They instead decide to raise the money byselling $ million worth of bonds to investors. Under the terms of thebond, ABC promises to pay bondholders interest per year for fiveyears, with interest paid semiannually. Each of the bonds has a facevalue or par value of $ meaning ABC plan to sell how manybonds in total?
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