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6. ABC123XYZ decides to issue two types of bonds (#1 and #2): (#1) 25-year, par bonds with par value = $1000/bond and coupon rate 10%
6. ABC123XYZ decides to issue two types of bonds (#1 and #2): (#1) 25-year, par bonds with par value = $1000/bond and coupon rate 10% semiannually compounded; (#2) 25- year bonds with par value = $1000 and coupon rate = 6.25% semiannually compounded. The company wants to raise $3 million from #1 and #2 respectively. #2 has the same effective yield as #1. How many #2 bonds should the company issue so that it can achieve its goal of raising $3 million? [15 points]
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