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Ivanhoe Company is issuing eight-year bonds with a coupon rate of 6.3 percent and semiannual coupon payments. If the current market rate for similar bonds
Ivanhoe Company is issuing eight-year bonds with a coupon rate of 6.3 percent and semiannual coupon payments. If the current market rate for similar bonds is 8 percent. Assume face value is \\( \\$ 1,000 \\). What will the bond price be? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and bond price to 2 decimal places, e.g. 15.25.) Bond price \\( \\quad \\$ \\) If company management wants to raise \\( \\$ 1.25 \\) million, how many bonds does the firm have to sell? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and number of bonds to 0 decimal places, e.g. 5,275 .) Number of bonds
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