a-company-needs-to-raise-5-million-and-decides-to-issue-bonds-if-each-bond-has-a

Question

A company needs to raise $$5 million and decides to issue bonds. If each bond has a face value of 1$$,000, how many bonds must the company issue?

Accepted Answer

5,000 bonds

Answer

500 bonds

Answer

500,000 bonds

Answer

50,000 bonds

A company needs to raise \$5 million and decides to issue bonds. If each bond has a face value of \$1,000, how many bonds must the company issue?