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Problem 7.15 Marshall Company is issuing eight-year bonds with a coupon rate of 5.07 percent and semiannual coupon payments. If the current market rate for similar bonds is 9.24 percent. What will be the bond price? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and bond price to 2 decimal places, e.g. 15.25.) Bond price If company management wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and number of bonds to O decimal places, e.g. 5,275.) Number of bonds bonds Click if you would like to Show Work for this question: Open Show Work