26. Zeus Industry issued a bond, which pays coupon interest semi-annually and has 30 years to maturity, The bond's par value is $1,000, the current market price is $1,059.34, and the yield to maturity is 7.50%. The bond's coupon rate is 27. Peter Parker Corp. plans to issue a \$1,000 par value, semi-annual pay bond with 20 years to maturity and a coupon rate of 5.50%. The company expects the bonds to sell for $820.00. MC Inc's cost of debt is estimated to be % 28. LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will mature in 20 years and have a coupon rate of 8.50% with semi-annual coupon payments (assume a par value of $1,000 on the bond). The current yield-to-maturity for similar bonds is 6.00%. The company hopes to raise $16 million with the new issue. To raise the debt, how many bonds must the company issue? (Round to the nearest whole number). 10. Five years ago, ABC Inc. issued 25 -year fixed coupon bonds at par. Since that initial issue, the bond's yield-to-maturity (YTM) has decreased by 1.5\%. Based on this information, which of the following is true regarding the current market price of the bond? a. The bond is selling at discount. b. The bond is selling at premium. c. The bond is selling at book value. d. The bond is selling at par. c. Insufficient information