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CSD needs to raise $25 million by selling bonds. The bonds have $1,000 par, pay semi-annually, have a coupon rate of 6.00% and have YTM
CSD needs to raise $25 million by selling bonds. The bonds have $1,000 par, pay semi-annually, have a coupon rate of 6.00% and have YTM of 6.15%. The bonds mature in 10 years. How many bonds do they need to sell? answer: 25,280 please answer by hand :)
answer: 25,280
please answer by hand :)
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