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ABCD Company plans to raise $100,000,000 by issuing 10-year semiannual coupon bonds with coupon rate of 7.20%, yield to maturity of 8.08%, and face value
ABCD Company plans to raise $100,000,000 by issuing 10-year semiannual coupon bonds with coupon rate of 7.20%, yield to maturity of 8.08%, and face value of $1,000. How many bonds should ABCD sell in order to raise the $100,000,000 it needs?
A.) 106,336 bonds
B.) 85,127 bonds
C.) 106,409 bonds
D.) 93,125 bonds
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