Question 27 (25 marks) A UK media company is looking to raise 75 million via a new bond issue. Terms of an individual bond are as follows: Principal 100 Coupon 9% Maturity 4 years The suggested redemption yield is 6% From the information above, calculate the following a. The issue price of an individual bond? (12 marks) b. How many bonds will the company need to issue to meet its financing target? (4 marks) C. Briefly explain the advantages and disadvantages for companies using debt as a source of funding? (9 marks)