Question
ABCD Company plans to raise $110,000,000 by issuing 15-year semiannual coupon bonds with coupon rate of 6.40%, yield to maturity of 7.20%, and face value
ABCD Company plans to raise $110,000,000 by issuing 15-year semiannual coupon bonds with coupon rate of 6.40%, yield to maturity of 7.20%, and face value of $1,000. How many bonds should ABCD sell in order to raise the $110,000,000 it needs?
Group of answer choices
106,944 bonds
109,124 bonds
115,962 bonds
118,618 bonds
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
