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Carla Vista Company is issuing eight - year bonds with a coupon rate of 5 . 3 percent and semiannual coupon payments. If the current

Carla Vista Company is issuing eight-year bonds with a coupon rate of 5.3 percent and semiannual coupon payments. If the current market rate for similar bonds is 9 percent. Assume face value is $1,000.
What will the bond price be?(Round intermediate calculations to 5 decimal places, e.g.1.25145 and bond price to 2 decimal places, e.g.15.25.)
Bond price ,$
If company management wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 5 decimal places, e.g.1.25145 and number of bonds to O decimal places, e.g.5,275.)
Number of bonds
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