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Current Attempt in Progress Sheridan Company is issuing eight-vear bonds with a coupon rate of 6.9 percerit and semiannual coupon paymerts if the current market

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Current Attempt in Progress Sheridan Company is issuing eight-vear bonds with a coupon rate of 6.9 percerit and semiannual coupon paymerts if the current market rate for similar bonds is 12 percent. What will the bond price be? (Round intermediate calculations to 5 decimal ploces, ey. 1.25145 and bond price to 2 decimal ploces, es. 15.25.) Bond price 5 If company management wants to rabe 5125 million, how marry bonds does the firm have to seir fRound intermetilate calculationt to 5 decimal places, eg. 1.25145 and number of bonds to 0 decimal pleces, eg. 5,275. Number of bonds

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