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MC algo 6-37 Bond Pricing Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a
MC algo 6-37 Bond Pricing Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a coupon rate of 5.88 percent paid semiannually and that mature in 30 years. The bonds will be sold at an initial YTM of 6.61 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) Multiple Choice 41,650 bonds 83,300 bonds 46,009 bonds 158,316 bonds 57,511 bonds
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