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5 pts Question 19 Garrett Company's outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual yield to maturity

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5 pts Question 19 Garrett Company's outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual yield to maturity is 6.70%. They pay interest semiannually, and sell at a price of $875. What is the bond's nominal coupon interest rate? Your answer should be between 4.25 and 9.10, rounded to 2 decimal places with no special characters Question 20 5 pts Blackstone Energy is planning to issue two types of 25-year, non-callable bonds to raise a total of $6 million. First, 3,000 bonds with a 10% annual Coupon rate will be sold at their $1.000 par value to raise $3 million. Second original issue discount (OID) bonds, also with a 25-year maturity and a $1,000 par value, will be sold, but these bonds will have a nominal coupon of only 6.85%, also with annual payments. The OID bonds must be offered at a discount (i.e., below par) in order to provide investors with the same yield as the par bonds. How many OID bonds must the firm issue to raise the other $3 million? You may round your answer up or down to a whole number of bonds

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