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ABC Corporation lately issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest on a semiannual basis. Their price has continued

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"ABC" Corporation lately issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest on a semiannual basis. Their price has continued to be stable since they were issued. Due to extra financing requirements, the firm wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $40 in interest every semiannually. If both bonds have the same yield, how many new bonds must "ABC" Corporation issue to raise $2,000,000 cash

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