How many bonds must be issued? Capital to be raised: $75,000,000.00 Number of years to maturity: 25
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Question:
How many bonds must be issued?
Capital to be raised: $75,000,000.00
Number of years to maturity: 25
Coupon bond: YTM: 8.00% Annual coupon rate: 8.00% Coupon per year: 2
Par value (or Face value): $1,000.00
Zero coupon bond: YTM: 8.00% Annual coupon rate: 0.00% Face (Par) value: $1,000.00
Tax rate: 35.00%
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