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Polycorp is about to issue debentures. The following information is available. 1. The coupon rate is 8% pa (or .08). Coupons are paid annually 2.

Polycorp is about to issue debentures. The following information is available. 1. The coupon rate is 8% pa (or .08). Coupons are paid annually 2. The yield to maturity (YTM) is 0.09 pa 3. The face value is $100 4. The term is 4 years How much can the debentures be issued for

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