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ns Question 4 (10 points) saved The Texarkana government wants to build new dam projects to prevent flood in the flood vulnerable areas and it

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ns Question 4 (10 points) saved The Texarkana government wants to build new dam projects to prevent flood in the flood vulnerable areas and it needs $10 million and it wants to issue new 19-year semi-annual bonds for some much-needed expansion projects. The bonds currently have 9.3 percent coupon and the YTM is 10%. How many issues of bonds the governm ent needs to issue? 1) 10,424 issues 2) 10,628 issues 3) 10,835 issues 4) 11,004 issues 5) 11,247 issues Save

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