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Reznik Corporation has 6.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. If the YTM

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Reznik Corporation has 6.5 percent coupon bonds on the market that have 8 years left to maturity. The bonds make semiannual payments. If the YTM (yield-to-maturity on these bonds is 9 percent, what is the current bond price? a $ 859.57 Ob.$950.25 OC. $1,000.00 d. $1,025,36 O e $1,050,55 QUESTIONS Due to additional financing needs, JRJ Corporation wishes to issue new bonds that would have a maturity of 10 years, a par value of $1.000, and pay $40 in interest every six months. If investors require a 12 percent return on JR's bond, how many new bonds must JRJ a issue to raise $2.000.000 cash? O a. 2,595,37 Ob 2.400.00 OC. 2,300.50 Od 2,000.00 e. 1,000.56

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