{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T05:44:28-04:00", "answer_date": "2024-06-28 05:44:28", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4248920", "url": "\/study-help\/questions\/jrj-corporation-recently-issued-10year-bonds-at-a-price-of-4248920", "question_creation_date_js": "2024-06-28T05:44:28-04:00", "question_creation_date": "Jun 28, 2024 05:44 AM", "meta_title": "[Solved] JRJ Corporation recently issued 10-year b | SolutionInn", "meta_description": "Answer of - JRJ Corporation recently issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest each six months. T | SolutionInn", "meta_keywords": "jrj,corporation,recently,issued,10-year,bonds,price,$1,000,pay,$60,interest,six", "question_title_h1": "JRJ Corporation recently issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest each six months. Their price has remained stable", "question_title": "JRJ Corporation recently issued 10-year bonds at a price of $1,000. These", "question_title_for_js_snippet": "JRJ Corporation recently issued 10 year bonds at a price of $1,000 These bonds pay $60 in interest each six months Their price has remained stable since they were issued, that is, they still sell for $1,000 Due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $40 in interest every six months If both bonds have the same yield, how many new bonds must JRJ issue to raise $4,000,000 ", "question_description": "

JRJ Corporation recently issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest each six months. Their price has remained stable since they were issued, that is, they still sell for $1,000. Due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $40 in interest every six months. If both bonds have the same yield, how many new bonds must JRJ issue to raise $4,000,000?<\/p>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "0691084262", "uri": "\/textbooks\/algebraic-topology-and-algebraic-k-theory-volume-113-proceedings-of-a-symposium-in-honor-of-john-c-moore-1st-edition-978-0691084268-272533", "name": "Algebraic Topology And Algebraic K Theory Volume 113 Proceedings Of A Symposium In Honor Of John C Moore", "edition": "1st Edition" }, "question_posted": "2024-06-28 05:44:28", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-approach-should-be-taken-in-evaluating-makeorbuy-decisions-that", "description": "What approach should be taken in evaluating make-or-buy decisions? 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