PRINTER VERSION BACK NEX Question 12 Ivanhoe, Inc., management wants to raise $1 million by issuing six-year zero coupon bonds with a face value of $1,000. The company's investment banker states that investors would use an 10.4 percent discount rate to value such bonds. Assume semiannual coupon payments. At what price would these bonds sell in the marketplace? (Round answer to 2 decimal places, e.g. 15.25) Market rate $ How many bonds would the firm have to issue to raise $1 million? (Round answer to 0 decimal places, e.q. 5,275.) Number of bonds Click if you would like to Show Work for this question: Open Show Work SUBMIT ANSWER SAVE FOR LATER Question Attempts: 0 of 2 used