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1. To finance its budget deficit for the fiscal year 2020 due to expenditure fro the Coronavirus pandemic, UGA has decided to issue a total

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1. To finance its budget deficit for the fiscal year 2020 due to expenditure fro the Coronavirus pandemic, UGA has decided to issue a total of 200,000 coupon bonds each with a face value of $10,000 with a 10% coupon rate. The Vice President for finance received approval from the board of regents to issue the bond. Bond holders will receive semiannual payments of their bonds which matures in 30 years. Due to market forces, UGA forecast that they will enter the bond market at the time when the interest rate has changed from 10% to 12% per year. i. Draw the cash flow diagram for the bond showing all the key elements (P. A, i, n, and the maturity). Draw your CFD the box. How much will UGA raise from the bond sale? Show all your work and put your final answer in the box. Amount Raised

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