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Reinegar Corporation is planning two new issues of 25 -year bonds. Bond Par will be sold at its $1,000 par value, and it will have

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Reinegar Corporation is planning two new issues of 25 -year bonds. Bond Par will be sold at its \$1,000 par value, and it will have a 10 if semiannual coupon. Bond OID will be an Original Issue Discount bond, and it will also have a 25 -year maturity and a \$1,000 par value, but its semiannual coupon will be only 4%. If both bonds are to provide investors with the same effective yield, how many of the OID bonds must Reinegar issue to raise $3,000,000 ? Disregard flotation costs, and round your final answer up to a whole number of bonds. Select the correct answer. 4,6,609 b. 6,621 c. 6,633 d. 6,627 e. 6,615

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