4 Global Exporters Wants To Raise 29 6 Million To Expand Its Business To Accomplish 2459005

4) Global Exporters wants to raise $29.6 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face value, zero coupon bonds. The bonds will be
priced to yield 7.75 percent. What is the minimum number of bonds it must sell to raise
the money it needs?

A) 139,800

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