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Answer all parts of each question Homework. napler 15 HOMEWOIR Score: 0 of 1 pt 5 of 10 (0 complete) HW Score: 0%, 0 of
Answer all parts of each question
Homework. napler 15 HOMEWOIR Score: 0 of 1 pt 5 of 10 (0 complete) HW Score: 0%, 0 of 10 pt P15-10 (similar to) Question Help Selling bonds. Lunar Vacations needs to raise $6,300,000 for its new project (a golf course on the moon). Astro Investment Bank will sell the bond for a commission of 2.8%. The market yield is currently 7.8% on twenty-year semiannual bonds. If Lunar wants to issue a 6.3% semiannual coupon bond, how many bonds will it need to sell to raise the $8,300,000? Assume that all bonds are issued at a par value of $1,000. How many bonds will Lunar need to sell to raise the $8,300,000? (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer Homework: Chapter 15 Homework Save Score: 0 of 1 pt 6 of 10 (0 complete) HW Score: 0%, 0 of 10 p P15-12 (similar to) Question Help Selling bonds. Rawlings needs to raise $36,200,000 for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the bond for a commission of 2.8%. The market yield is currently 7.2% on twenty-year zero-coupon bonds. If Rawlings wants to issue a zero-coupon bond, how many bonds wil it need to sell to raise the $38.200.000? Assume that the bond is semiannual and issued at a par value of $1,000. How many bonds will Rawlings need to sell to raise the $38,200,000? n (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check Answer Homework: Chapter 15 Homework Save Score: 0 of 1 pt 7 of 10 (0 complete) HW Score: 0%, 0 of 10 pt P15-13 (similar to) Question Help Firm commitment versus best efforts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity: (a) a best efforts arrangement whereby Astro will keep 2.1% of the retail sales or (b) a firm commitment arrangement of $10,100,000. Lunar plans on offering 1,000,000 shares at $12.25 per share to the public. If it sells 100% of the shares, which is the better choice for Lunar Vacations? Which is the better choice for Astro Investment Bank? Under the best efforts arrangement, what are the proceeds for Lunar Vacations? $(Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. 5 parts remaining Clear All Check Answer Homework: Chapter 15 Homework Save Score: 0 of 1 pt 8 of 10 (0 complete) HW Score: 0%, 0 of 10 pts P15-15 (similar to) Question Help O Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,060,000 shares for this issue. He plans to keep 1,120,000 shares for himself, hold back an additional 180.000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 540.000 shares, and sell the remaining shares at $15.32 a share. Given the bids at the auction (shown on the table here: B) distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? shares (Round to the nearest whole number.) Data Table Click on the following Icon in order to paste this table's content into a spreadsheet Bidder Quantity Bed Gotham Pension Fund 2,210,000 Clark Kent Investors 1,110,000 Central City Insurance 630,000 Arthur Curry 450.000 Barry Allen 280.000 Total 4,660,000 Print Done Enter your answer in the answer box and then click Check Answer 6 parts remaining Clear All Check Answer Homework: Chapter 15 Homework Sa Score: 0 of 1 pt 9 of 10 (0 complete) HW Score: 0%, 0 of 10 P15-18 (similar to) Question Help Commercial paper. Criss-Cross Manufacturers will issue commercial paper for a short-term cash inflow. Criss Cross must raise $5,250,000, and the paper will have a maturity of 182 days. If this paper has a maturity value of $50,000 and is selling at an annual interest rate of 8.1%, what are the proceeds from each paper, that is, what is the discount rate on the commercial paper? What is the discount rate on the commercial paper? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. part remaining Clear All Check Answer 1Step by Step Solution
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