1 points Save Answer Pearl Ltd issues $8 million in 5-year debentures that pay interest every 6 months at a coupon rate of 12% per annum. The required market rate of return is 16% per annum. What is the issue price of the debentures (rounded to the nearest dollar)? $6 926 387 $8 000 000 $9 177 614 $8 673 978 1 points Save Answer Pearl Ltd issues $8 million in 5-year debentures that pay interest every 6 months at a coupon rate of 12% per annum. The required market rate of return is 16% per annum. What is the issue price of the debentures (rounded to the nearest dollar)? $6 926 387 $8 000 000 $9 177 614 $8 673 978