Question 27 Not yet answered A corporate bond with a $1,000 face value pays a $45 annual coupon. What is the yield on the bond if it is purchased one year before maturity for $961 and is held until it matures? (Provide your answer in percentage with two decimal places.) Points out of 1 PF question Answer: Previous page Next page Question 28 Not yet answered Reindeer Farm Equipment needs to raise $2.9 million for expansion, and it expects to sell new shares of stock. The $1-par value shares are currently selling for $77 on the stock market. How many shares of stock would the firm have to sell to raise the needed fund? Ignore the costs of issuing stock (round your answer to the nearest whole number). Points out of 1 Plag