Question 20 5 pts Blackstone Energy is planning to issue two types of 25 year, non-caliable bonds to raise a total of 56 million. First 3.000 bonds with a 10% annual coupon rate will be sold at their $1.000 par value to raise $3 million. Second, original issue discount (OID) bonds, also with a 25-year maturity and a $1,000 par value, will be sold, but these bonds will have a nominal coupon of only 7.40%, also with annual payments. The OID bonds must be offered at a discount (i.e. below par) in order to provide investors with the same yield as the par bonds. How many OID bonds must the firm issue to raise the other $3 million? You may round your answer up or down to a whole number of bonds, Hint Calculate the price of OID bonds (given the nominal coupon rate and yield of 10%), and divide that price into the $3 million. Your answer should be between 3150 and 4850, with no special characters. No new data to save Last checked at 12:43pm Submit Quiz G Search or type URL 3 4 & 7 6 00 9 E R T Y F G H K L C V B N M