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FA2021 FN 310-QX Fund of Financial Management (1) Save Homework: C... Question 8, P16-12 (simi... HW Score: 52.08%, 6.25 of 12 points O Points: 0

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FA2021 FN 310-QX Fund of Financial Management (1) Save Homework: C... Question 8, P16-12 (simi... HW Score: 52.08%, 6.25 of 12 points O Points: 0 of 1 B Selling bonds. Rawlings needs to raise $36,400,000 for its new manufacturing plant in Jamaica Berkman Investment Bank will sell the bond for a commission of 21% The market yield in Currently 75% on twenty year zero-coupon bonds Rawlings wants to issue a zero coupon bond, how many bonds will it need to set to raise the $36,400,000? Assume that the bond is semiannual and issued at a par value of $1,000 24 244 014 24 074 How many bonds will Ruwing need to sell to rahe the 536,400,000? (Round to the nearest whole number) 10A 124 134 314 314

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