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Dream Inc. needs $ 12 million to build a renewable energy plant. The company plans to draw investments using bonds with a 30-year maturity for

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Dream Inc. needs $ 12 million to build a renewable energy plant. The company plans to draw investments using bonds with a 30-year maturity for this purpose. The average yield on the bond market is currently 6%. The company is considering three options for the placement of bonds with $1000 face value: 5.5% semiannual coupon bond, 6.4% annual coupon bond, and a zero-coupon bond. Your company's tax rate is 15%. How many of the 5.5% semiannual coupon bond would Dream Inc. needs to issue to raise the $12 million? a. 12,892 b. 12,000 C. 11,791 d. 11,374 e. 10,845 f.9,748 g. 9,180 h. 8,600

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