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25. GSU Enterprises is issuing new bonds for a capital budgeting project. The bonds will mature in 20 years and have a coupon rate of 5.80% with semi-annual coupon payments (assume a par value of $1,000 on the bond). The current yield-to-maturity for similar bonds is 6.00%. The company hopes to raise $31,000,000 with the new issue. To raise the debt, how many bonds must the company issue? (Round your answer up to the nearest whole number). a. 36,379 b. 37,402 c. 33,781 d. 31,734 e. 30,397 26. Mason Company will pay out a dividend of $3.60 one year from today (i.e., D1=3.60 ). Its required rate of return is 11%. If the market expects that the dividend will grow at a constant rate of 4% per year forever, Mason's stock should sell for $ today. a. 43.64 b. 48.89 c. 52.50 d. 51.43 e. 54.29