Hy issue 51 000 000 JUDUS 12 = 6%. These bonds are redeemable at 105. At Joue, literest rates in the market place are 2 = 5% How much money did they raise? Answers 10. Mr Simpson buys a $1000 bond paying bond interest at = 6% and redeemable at par in 20 years Mr Simpson's desired yield rate is 4 = 7% How much did he pay for the bond? After exactly the years he sells the bond Interest rates have dropped and the bond is sold to yield a buyer = 5 Deler the sale price 11. A corporation issues $600 000