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helpTechnon Ltd needs to raise RM 2 2 million for research and development project in Pengerang, Johor Bahru and plans to issue 2 0 -

helpTechnon Ltd needs to raise RM 22 million for research and development project in Pengerang,
Johor Bahru and plans to issue 20-year bonds for this purpose. The required rate of return for
this project is 7.6 percent. Technon Ltd has two issue alternatives either to offer 6 percent
coupon or zero-coupon bond. The company's tax rate is 34 percent. Calculate:
a) Bond price for both options.
b) How many bonds that the company
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